GBPAUD
has been rejected at the PRZ of 3 bearish patterns: Alt. Bat, and 2 Bearish Crabs. A bullish engulfing candle suggests continued downward PA in the short term, and trendline resistance in addition to missed pivots below price may help to drag price down long term. On the D1 chart, a potential head and shoulders pattern is emerging. Targets are placed at the unhit weekly pivot and the head and shoulders neckline.
Confluence in the PRZ:
D1 H&S Pattern:
Thanks for viewing!
Confluence in the PRZ:
- Bearish alternate bat pattern completion
- Bearish crab pattern completion (2X)
- Unhit weekly pivot below price
- Trendline resistance
- Bearish engulfing 1Hr candle
- Potential H&S pattern
- Bearish Wolfe Wave
D1 H&S Pattern:
Thanks for viewing!
Dagangan ditutup: sasaran tercapai:
T1 Achieved: +274 Pips, closed half and moved SL to B/E