Hi traders:
How I see GBPAUD for the long term approach would be to patiently waiting for a larger higher time frame structure to develop.
We see price had a strong impulse move down, and currently at the bottom of the channel structure.
Such strong move requires larger, deeper, correction to develop before any continuation.
Hence I will observe what the price will do this point forward.
Short term wise, I do expect price to get push up, and form a lengthier correction before the next sell momentum to come in.
This could take weeks/months until a higher time frame structure can be completed.
Thank you
How I see GBPAUD for the long term approach would be to patiently waiting for a larger higher time frame structure to develop.
We see price had a strong impulse move down, and currently at the bottom of the channel structure.
Such strong move requires larger, deeper, correction to develop before any continuation.
Hence I will observe what the price will do this point forward.
Short term wise, I do expect price to get push up, and form a lengthier correction before the next sell momentum to come in.
This could take weeks/months until a higher time frame structure can be completed.
Thank you
Note
Higher Time Frame:Note
Note
price broke out structure, wait for lower time frame continuations.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.