Daily Market Update: GBPUSD & AUS200 – Feb 19th, 2025
NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.
GBPUSD: Buying On A Breakout Of Bullish Inside Bar + Pin Bar (Combination Setup)
Comments: Price formed a Bullish Inside Bar + Small Pin Bar (Combination Setup) overnight.
Potential Trade Signal: We are looking to buy on a breakout of the current Bullish Inside Bar + Small Pin Bar (Combination Setup) that had formed overnight.
Buy Stop: 1.2640
Stop Loss: 1.2565
Take Profit: 1.2790
Risk Reward: 1:2
To Trade This Market With Our Preferred Broker, CLICK HERE
AUS200 – CASH: Buying On Retracement Lower & On A Blind Entry From The 8335 – 8389 Support Area.
Comments: Price is heading towards the 8335 – 8389 short-term swing support area.
Potential Trade Signal: We are looking to buy on a retracement lower and on a blind entry from the 8335 – 8389 short-term swing support area.
Buy Limit: 8380
Stop Loss: 8320
Take Profit: 8500
Risk Reward: 1:2
To Trade This Market With Our Preferred Broker, CLICK HERE
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
