GBPAUD Bearish Reversal Opportunity
GBPAUD is near a key resistance zone. A potential Bearish reversal may occur if the price action breaks the previous Higher Low.
Bears may eventually face a strong support zone around 1.8625 till 1.8393. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 1.949
Stop Loss @ 2.0048
TP1 @ 1.8932
TP2 @ 1.8374
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
Bears may eventually face a strong support zone around 1.8625 till 1.8393. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 1.949
Stop Loss @ 2.0048
TP1 @ 1.8932
TP2 @ 1.8374
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
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