GBPAUD – 2 touches … the week of 22 July, 2024

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Once again, this pair is moving sideways between 1.9320 and 1.8910. Two touches on either side defines a valid range that can be traded and I will set a pending short trade near the top with target near the bottom of the range. I just want to capture about 75% of the down move if it happens.

This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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Price went through the upper limit of range. Did not activate.
Beyond Technical AnalysisChart PatternsgbpaudanalysisgbpaudideagbpaudshortTrend Analysis

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