a critical point of technical and trading psychology
from the analysis I see a potential harmonic pattern and Fibonacci extension but I strongly advice to watch out for rejection candles or reversal confirmation on lower time frames before taking the trade OANDA:GBPAUD
WE SHOULD PATIENTLY WAIT ON RETEST OF LEVELS AS ILLUSTRATED!
from the analysis of the daily chart arose both long and short possibilities arose ... but why we should go for short is confirmation from lower time frame analysis the expanding triangle
in every technical analysis there is atendency for both a long and short position...sorry for the previous error
AS WE KNOW manipulations happens but not to something that is unknown....when a market is maipulated it simply shift to another geometric market structure...i was easily able to identify and make a new entry on the CLASSIC 3TOP....still awaiting the previous entry as my second...
AM LOOKING FORWARD TO THE HIGHLIGHTED RECTANGLES AS MY KEY LEVELS
A wave must be progressive and continious in nature...confirn the analysis and proceed
As seen above is the formation of an ending diagonal....trade can only be taken at retest of potencial entry levels...all the best guys