Overall - GBPAUD is in the middle of a downtrend
See chart for explanation of what I see and why.
use your own strategy to understand the market - however I use Elliot wave for the overall market pattern which informs the structure and then I use the smaller Tfs to analyse what is happening in a smaller degree within the overall move.
I don't swing trade I day trade - but swing traders can look for sells, day traders have their own technique I often trade impulses and pullbacks, but impulse moves are less risky to trade so I prefer to trade that.
However using support and resistance/fib/supply and demands compliment this strategy well so you know when to enter and exit trades - and also knowing market patterns using the Elliot wave helps to bring more confirmation and confidence to your trades.
use your own strategy to understand the market - however I use Elliot wave for the overall market pattern which informs the structure and then I use the smaller Tfs to analyse what is happening in a smaller degree within the overall move.
I don't swing trade I day trade - but swing traders can look for sells, day traders have their own technique I often trade impulses and pullbacks, but impulse moves are less risky to trade so I prefer to trade that.
However using support and resistance/fib/supply and demands compliment this strategy well so you know when to enter and exit trades - and also knowing market patterns using the Elliot wave helps to bring more confirmation and confidence to your trades.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.