GBPAUD- Weekly Overview
D1 (HTF) Analysis
GBPAUD is currently stuck between two daily structures. It has recently attempted to cross the D1 channel line @ 1.80200 but failed. This rejection could probably just be a 200MA end of day short term bounce.
Lower Time Frame Analysis
1HR TF Analysis
There is tweezer bottom which is signaling a push upwards
30Min TF Analysis
The current stalling of price on the 30min TF can be a suggestion of price gathering momentum to attempt to push further up and retest the 1.8100 area.
GBPAUD Weekly Overall Bias📊
Short Term 🟢
Long- buy up to 1.81000
Long Term 🔴
Short -Safe sells can be validated if price fails to cross 1.81000.The target TP area will be around 1.78000 area
Patience & caution should be exercised while monitoring LTF candlestick patterns before validation of these 2 trade ideas.
Trade with Caution & Good Luck
GBPAUD is currently stuck between two daily structures. It has recently attempted to cross the D1 channel line @ 1.80200 but failed. This rejection could probably just be a 200MA end of day short term bounce.
Lower Time Frame Analysis
1HR TF Analysis
There is tweezer bottom which is signaling a push upwards
30Min TF Analysis
The current stalling of price on the 30min TF can be a suggestion of price gathering momentum to attempt to push further up and retest the 1.8100 area.
GBPAUD Weekly Overall Bias📊
Short Term 🟢
Long- buy up to 1.81000
Long Term 🔴
Short -Safe sells can be validated if price fails to cross 1.81000.The target TP area will be around 1.78000 area
Patience & caution should be exercised while monitoring LTF candlestick patterns before validation of these 2 trade ideas.
Trade with Caution & Good Luck
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