Hello my friends,
I found something interesting with GBPAUD pairs.
As you can see, friday candle close was very interesting.
After shooting up for 150 during Asia and European session , it closed significantly lower erasing all the gain during American session.
The result of Friday movement is the daily candle became a bearish pinbar candle.
I would say this mean sellers really step up and controlling this pair right now.
We will aim to sell this pair for next week.
For this trade setup we will wait for some retracement before entering sell.
The best area to sell will be around 1.8175 because there is a horizontal resistance level here.
Sell GBPAUD 1.8175
Stop loss 1.8225
Take profit 1.7875 (6R)
RR ratio 1 : 6
Use only 1-2% risk
Good luck
I found something interesting with GBPAUD pairs.
As you can see, friday candle close was very interesting.
After shooting up for 150 during Asia and European session , it closed significantly lower erasing all the gain during American session.
The result of Friday movement is the daily candle became a bearish pinbar candle.
I would say this mean sellers really step up and controlling this pair right now.
We will aim to sell this pair for next week.
For this trade setup we will wait for some retracement before entering sell.
The best area to sell will be around 1.8175 because there is a horizontal resistance level here.
Sell GBPAUD 1.8175
Stop loss 1.8225
Take profit 1.7875 (6R)
RR ratio 1 : 6
Use only 1-2% risk
Good luck