GBPAUD: Critical juncture
업데이트됨
GBPAUD is approaching the yearly MA, and also about to complete a downtrend signal in the daily chart.
It's possible that shorts will be unwound soon, by year end, we might see a large short squeeze rally in this pair, and maybe even the opening of new institutional longs for the new quarter.
I'm really interested in entering with the tightest stop possible, so I'll be monitoring this for entry on the long side.
If the yearly MA were to fail to contain the decline, then GBPAUD is in very bad shape and we can expect continuation to meet my weekly downtrend targets, around 1.98 or close.
For the time being this looks like a large W bottom setting up, and has more positives than negatives for longs, so I'll attemp to ride the upcoming trending leg up.
Cheers,
Ivan Labrie.
It's possible that shorts will be unwound soon, by year end, we might see a large short squeeze rally in this pair, and maybe even the opening of new institutional longs for the new quarter.
I'm really interested in entering with the tightest stop possible, so I'll be monitoring this for entry on the long side.
If the yearly MA were to fail to contain the decline, then GBPAUD is in very bad shape and we can expect continuation to meet my weekly downtrend targets, around 1.98 or close.
For the time being this looks like a large W bottom setting up, and has more positives than negatives for longs, so I'll attemp to ride the upcoming trending leg up.
Cheers,
Ivan Labrie.
노트
Long 2.05776Target 2.1404
Stop loss 2.04410
Half position size.
노트
Monitoring for long entry.노트
Going long if it retraces a bit more.노트
We can rejoin this trend many times, seems fairly strong.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
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.