from my analysis below, we had an impulse which is now followed by a correction before we reach our weekly low which is our take profit. My stop is 30 pips for this trade forex is risky, therefore should you decide to act upon this setup.. apply proper risk management!!
I anticipate the market to continue trading a bullish channel until price @13984.4 this is not a forex signal but an educational analysis. if you wish to enter on this entry, use risk management
Here’s my weekly forecast of GBPAUD. On this pair, I’ll be anticipating price action to complete the inside bearish flag before we make a third touch on the bigger channel.. after the third touch I’ll anticipate a bull run to my entry point before we look for selling opportunities. the is is not a signal, it an educational chart analysis
we are trading the bearish pennant pattern inside the Wedge , therefore we will be seeing downwards movement until the dynamic support structure Like and Comment your ideas !!! follow me for more setups !!
Happy Monday traders, to another profitable week. Comment your ideas!!