GBPAUD made a 3-3 structure after completing the x wave, So, what I see for now is a possible short, BUT no confirmation as yet!!! The sell may be aggressive just as the up move. Waiting for it to test the monthly level and watch how price reacts around those zones.
IF PRICE FALLS SLOWLY AND CHOPPY OR CONSOLIDATES AROUND THAT REGION, then price might continue to go long. for now, I see shorts. No confirmation as yet
IF PRICE FALLS SLOWLY AND CHOPPY OR CONSOLIDATES AROUND THAT REGION, then price might continue to go long. for now, I see shorts. No confirmation as yet
Note
WATCH PRICE ACTION. For all we know price may continue up.
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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.