GBPAUD was consolidating for quite some time while ranging in a downtrend inside that consolidation period.
But it then broke out of our downtrend an preparing to buy it failed to cross our zone in 1.92490 making a resistance for quite some time. Then It made an Inverse Head & Shoulder to gain enough momentum to be bullish.
Therefor if it crosses the green line and retest then we will be going for strong buys but if it goes below the red line then trade is invalid.
But it then broke out of our downtrend an preparing to buy it failed to cross our zone in 1.92490 making a resistance for quite some time. Then It made an Inverse Head & Shoulder to gain enough momentum to be bullish.
Therefor if it crosses the green line and retest then we will be going for strong buys but if it goes below the red line then trade is invalid.
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.
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.