GBPAUD - Channel Divergence
GBPAUD has been on an uptrend since July 2019 , within a well defined channel structure.
Divergence has been in play since end of Jan 2020.
Price is in the top half of the channel recently, and there has been a sharp rejection when price has risen above 2.04
(twice in March 2020. )
Considering a trade in direction of the market
1. Enter long - around channel support 1.9640 - 1.9680
2. Stop - below prior channel low 1.9520
3. Target - at 2.0350 ( intrachannel , below the rejection point of 2.04 and near the previous wick highs)
4. RR = 3
Divergence has been in play since end of Jan 2020.
Price is in the top half of the channel recently, and there has been a sharp rejection when price has risen above 2.04
(twice in March 2020. )
Considering a trade in direction of the market
1. Enter long - around channel support 1.9640 - 1.9680
2. Stop - below prior channel low 1.9520
3. Target - at 2.0350 ( intrachannel , below the rejection point of 2.04 and near the previous wick highs)
4. RR = 3
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.
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.