Evening Traders,
Today’s analysis – GBPAUD- trading towards a probable double top where a deviation is likely,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Daily S/R Objective
- Oscillators Bullish Control Zones
- .382 Fibonacci Support
GBPAUD’s immediate price action is impulsive, a deviation back towards the Local S/R that is in technical confluence with the .382 Fibonacci and the POC S/R – allows for a bullish bias.
The immediate objective is the Daily S/R, exceeding this level will increase the probability of a trend continuation.
As of current, both oscillators are trading in their respective bullish control zones, this is indicative of strength.
Overall, in my opinion, GBPAUD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
Today’s analysis – GBPAUD- trading towards a probable double top where a deviation is likely,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Daily S/R Objective
- Oscillators Bullish Control Zones
- .382 Fibonacci Support
GBPAUD’s immediate price action is impulsive, a deviation back towards the Local S/R that is in technical confluence with the .382 Fibonacci and the POC S/R – allows for a bullish bias.
The immediate objective is the Daily S/R, exceeding this level will increase the probability of a trend continuation.
As of current, both oscillators are trading in their respective bullish control zones, this is indicative of strength.
Overall, in my opinion, GBPAUD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work!
And remember,
“Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.