GBPAUD Long term outlook
Updated
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
Comment
Higher Time Frame:Comment
Comment
price broke out structure, wait for lower time frame continuations.
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