Balancing Bullish Trends and Counter-Trend PossibilitiesGBPAUD seems to be in a Bullish Trend, and you're focusing on potential buying opportunities. Here are three strategies you're considering:
Type2 Bullish Fib-3 Bat (1-hourly chart) : This setup aligns within the support level of the 4-hourly chart at 1.9053, providing an initial buying opportunity.
Bullish Deep Gartley Pattern (4-hourly chart) : Should the market decline further, your plan includes waiting for the completion of the Bullish Deep Gartley Pattern at 1.8948 on the 4-hourly chart, presenting another potential buying opportunity.
GBPAUD appears to offer multiple setups for potential long positions based on your analysis.
What are your thoughts on GBPAUD, and what trade plans or strategies are you considering for this pair?
Feel free to share your insights or plans below!
Bullishfib3bat
Technical Analysis & Trading StrategiesIn the upcoming week, the spotlight might be on NZDJPY, particularly for those who lean towards structure-based trading methods.
In this scenario, we marry technical analysis with the art of trading.
Observations:
A keen eye at the support level reveals an ABCD pattern checkback on the 4-hourly chart, situated at 86.84.
For Fib-3 Bat enthusiasts, a buying opportunity may materialize on the 1-hourly chart.
Now, the pivotal question: What would be your approach to NZDJPY? Your insights matter. Please share your perspective below!