Possible Scenarios on GBPAUD
Telah dikemas kini
Hello,
my call on GBPAUD based on the price behaviour is to wait until we have a clear signal of Long/Short. On the downside, we have a tough trendline, so we should expect an uptrend if price wants to respect it. However we've seen a Double Top forming just above the line, so we have to be ready to react in a breakout of the channel to the downside. At a first glance, it seems to be a Long position, I will wait till I see the price rejecting the double top, though.
my call on GBPAUD based on the price behaviour is to wait until we have a clear signal of Long/Short. On the downside, we have a tough trendline, so we should expect an uptrend if price wants to respect it. However we've seen a Double Top forming just above the line, so we have to be ready to react in a breakout of the channel to the downside. At a first glance, it seems to be a Long position, I will wait till I see the price rejecting the double top, though.
Nota
Our pair has formed a double top in 1h chart, just above the neckline of the bigger double top. So that's a signal that price might want to follow the yellow scenario.Nota
Price will soon test the trend line AND the S/R level, so we might either see a big bounce or a breakout and a bearish continuation.Nota
Price followed the yellow scenario just as predicted. I went short after the breakout of the trend line and hit 100 pips. More downtrend is coming probably, stay tuned!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.