GBPAUD Breaks the resistance and headed North.
The target of the pair 1.87000. Bearish Butterfly Pattern would be completed at D.
Retracement and Short opportunity as follows:
Area of the Entry: 1.86960 – 1.87100
Stop Loss: 1.87400
Target 1: 1.86600 / Reached / Close 50% and Move SL to entry
You can view the setup: GBPAUD
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
GBPAUD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility