GBPAUD - Forming a base here
Happy New Year fellow traders!
The market has a rather volatile start on the first week, which is good news.
Not keen to touch USD pairs this week due to major events, so I am turning my interest to crosses instead.
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GBPAUD on HTF (Daily), price is currently at the previous Wave 4 range but did not test it (1.8500), so there is still a possibility of a sweep down.
Apart from that, I am more keen to think that we are bottoming here as the structure is nicely forming a base. Upside is already triggered so it is more likely poised for an up move.
The overall move could take 1-2 weeks to move up, but generally a good RR by entering here with clear invalidation.
The market has a rather volatile start on the first week, which is good news.
Not keen to touch USD pairs this week due to major events, so I am turning my interest to crosses instead.
--------------------------
GBPAUD on HTF (Daily), price is currently at the previous Wave 4 range but did not test it (1.8500), so there is still a possibility of a sweep down.
Apart from that, I am more keen to think that we are bottoming here as the structure is nicely forming a base. Upside is already triggered so it is more likely poised for an up move.
The overall move could take 1-2 weeks to move up, but generally a good RR by entering here with clear invalidation.
Nota
Daily ChartNota
First target reached. I think the up move will happen but may get a sharp pullback before that.Dagangan ditutup: sasaran tercapai
700pip move on this. Hope you made money!
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.