Short GBPAUD at confluence
I see confluence of historic downtrend line and 0.618 fib level as last major leg down, as well as historic structure. There also is divergence..... quite a few reasons to short this although RSI and stoch still carry some upwards momentum...
If this does break to the upside, and holds, this would also be a good level to long upon a retest of the same structure, imho.
any ideas, comments, are welcome.
cheers
If this does break to the upside, and holds, this would also be a good level to long upon a retest of the same structure, imho.
any ideas, comments, are welcome.
cheers
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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.