Gbp / Aud analysis with Ichimoku.
I saw that the previous price broke deep in the Ichimoku cloud as an early sign of an uptrend.
when there is a correction, with the volume of the cloud decreasing, when the price goes down and breaks the cloud there will be a twist in the cloud indicating a downtrend.
The possibility that what will happen is that the price will fall until the potential support area intersects with fibo level 0.236 (golden area) in that area, I assume there will be a reversal to continue the upward trend.
I saw that the previous price broke deep in the Ichimoku cloud as an early sign of an uptrend.
when there is a correction, with the volume of the cloud decreasing, when the price goes down and breaks the cloud there will be a twist in the cloud indicating a downtrend.
The possibility that what will happen is that the price will fall until the potential support area intersects with fibo level 0.236 (golden area) in that area, I assume there will be a reversal to continue the upward trend.
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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.