On the 4 hour and Daily, there is a strong potential of a shark pattern completing for GBPAUD .
As of right now, any pullback is for the short. Fundamentally speaking, the bearish sentiment falling on GBP and AUD strength aligns itself with the technical analysis on this pair.
If and once price reaches the target zone for entry, look for reversal candlestick patterns as well as consolidation before getting into the trade. These are two key confirmations needed for the harmonic pattern to play out.
Make sure to take majority of profits at TP1, wait for the retracement, and then ladder in positions for the buy till TP2.
Let's see how this plays out.
As of right now, any pullback is for the short. Fundamentally speaking, the bearish sentiment falling on GBP and AUD strength aligns itself with the technical analysis on this pair.
If and once price reaches the target zone for entry, look for reversal candlestick patterns as well as consolidation before getting into the trade. These are two key confirmations needed for the harmonic pattern to play out.
Make sure to take majority of profits at TP1, wait for the retracement, and then ladder in positions for the buy till TP2.
Let's see how this plays out.
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.