BUY GBPAUD
Updated
Fundamental analysis: The AUD is under pressure with the current geopolitical situation.
The GBP remains a priori stronger than the EUR.
By intercomparison, GBPAUD should rise.
Retail sentiment: 59% on sale
Technical Analysis:
- Low of a bullish trendline
- The price has corrected the 0.618 of the last bullish implusion.
A BOS and break from the trendline could offer buying opportunities.
I remain patient.
The GBP remains a priori stronger than the EUR.
By intercomparison, GBPAUD should rise.
Retail sentiment: 59% on sale
Technical Analysis:
- Low of a bullish trendline
- The price has corrected the 0.618 of the last bullish implusion.
A BOS and break from the trendline could offer buying opportunities.
I remain patient.
Note
The price did not really break the 1.93300 level and we can now see a bearish divergence on the RSI.So I did not enter the trade. I remain attentive to the evolution.
Order cancelled
I did well not to take that trade
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.