GBPAUD Large Cup and Handle with a warning
Extended Cup and Handle has formed on GBPAUD.
The moving averages look great 7 >21 >200
Target 1.9593
The concern is that the breakout (after a long period of the formation) is weak and is not convincing enough to buy just yet.
We could wait for a retest and for a strong Engulfing Bull candle to form before the confidence to the upside is confirmed
The moving averages look great 7 >21 >200
Target 1.9593
The concern is that the breakout (after a long period of the formation) is weak and is not convincing enough to buy just yet.
We could wait for a retest and for a strong Engulfing Bull candle to form before the confidence to the upside is confirmed
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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