Look for a short on GBPAUD with a possible swing target 1000 pips plus. Qm pattern has been formed on the daily chart with a beautiful strong downtrend, however, theres a divergency pattern shows up on the a-o indicator making HH and HL which is we dont see on the chart because its making lh and ll. In addition, there's a few GBP news coming later that would launch the pounds back up to where the entry is. Entry: 1.85500.
On the 4hr chart, a-o indicator shows a dvgncy pattern with a healthy downtrend,
Patterns:
Bearish flag
Quasimodo pattern
Also the australia economy is on the rising due to 80% double doses vaccination, people back to work, etc.
People spending, economy rises, currency strength rising as well.
On the 4hr chart, a-o indicator shows a dvgncy pattern with a healthy downtrend,
Patterns:
Bearish flag
Quasimodo pattern
Also the australia economy is on the rising due to 80% double doses vaccination, people back to work, etc.
People spending, economy rises, currency strength rising as well.
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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.