GBPAUD | Strong Resistance. Can It Produce Reversal?

20 Eyl 2019

Hi,

Again, the risky GBP pair but I have to repeat myself, the trade is triggered only then when you have seen bearish candlestick pattern around the marked area!

Criteria:
1. The blue trendline should act as a resistance
2. Blue dotted minor trendline
3. The round number 1.85000
4. Fibonacci Extension
5. Channel projection
6. AB=CD
7. Previously worked resistance level in 2018
8! As said, wait for a bearish candlestick formation, otherways it is highly risky to trade it. The pattern has to form on 4H or on Daily.


Regards,
Vaido

23 Eyl 2019

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