Short-term bullish, long-term bearish
Weekly: Last month, the pair created a higher high at 1.8000, evening star formation then formed as a sign of retracement. With weekly time frame, especially on GBP pair, I would expect something like 0.786 Fibonacci to be met. 1.7000 would be my main target for GBPAUD until the end of the month.
Daily: On daily time frame, after 4 weeks of consistently bearish, price found a support at 1.7100 and was pushed up slightly. This is just a retracement for a long-term bearish. I believe that price could retest the 1.7500 key level and then fall to 1.7000 by the end of January
Weekly: Last month, the pair created a higher high at 1.8000, evening star formation then formed as a sign of retracement. With weekly time frame, especially on GBP pair, I would expect something like 0.786 Fibonacci to be met. 1.7000 would be my main target for GBPAUD until the end of the month.
Daily: On daily time frame, after 4 weeks of consistently bearish, price found a support at 1.7100 and was pushed up slightly. This is just a retracement for a long-term bearish. I believe that price could retest the 1.7500 key level and then fall to 1.7000 by the end of January
Nota
105PIPs archived. I closed the tradeNota
1.7500 was reached. Now I'll wait for reaction of the pair in this zoneNota
A strong close above 1.7500 actually changed my bias on this pair. I think 1.8000 could be met soon next week
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.