GBPAUD ANALYSIS (27 NOVEMBER 2020)
Story by : MRG Premiere
Published : November 27, 2020
GBPAUD ANALYSIS (27 NOVEMBER 2020).
Image: GBP / AUD H4 Chart
(GBP / AUD) On the H4 Chart, you can see that the current price movement is developing a Falling Wedge pattern, which is supported by a rejection in the support area, meaning that the price has the potential to bounce back up to the harmonic resistance area when there is a breakout.
BUY Stop in the area 1.0826
Stop Loss: 1.8095
Always pay attention to your money management, this trading idea is only for consideration, but trading decisions, risks, profits and losses are all the responsibility of each trader.