Crucial test for GBPAUD with lots of potential
The GBPAUD is closing in on an important zone, I am interested in buying this pair and now I will focus on whether we see a break soon or whether we see that other leg lower first. For context read my previous post.
On the 4 hour chart we see a clear consolidation where price is closing in on the resistance zone. We are either going to see a break-out bullish, in that case I'll wait for the consolidation before I add to my current long positions. Or we are going to see another leg lower first to complete the 11 waves, which is an extension of 3 (corrective) for a buy opportunity from lower levels.
timstuyts.com
facebook/timstuyts/
On the 4 hour chart we see a clear consolidation where price is closing in on the resistance zone. We are either going to see a break-out bullish, in that case I'll wait for the consolidation before I add to my current long positions. Or we are going to see another leg lower first to complete the 11 waves, which is an extension of 3 (corrective) for a buy opportunity from lower levels.
timstuyts.com
facebook/timstuyts/
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.