Evening Traders,
Today’s analysis – GBPAUD- trading above Daily S/R, further upside is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Resistance
- Oscillators Extended
- Swing High Objective
GBPAUD’s immediate price action is trading above Daily S/R, a pullback retest with a hold will allow for a bullish bias.
The current resistance is Local S/R, breaching this level will make the swing high objective.
Both oscillators are currently overextended; a reversion to their mean is currently in the process.
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,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Today’s analysis – GBPAUD- trading above Daily S/R, further upside is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Resistance
- Oscillators Extended
- Swing High Objective
GBPAUD’s immediate price action is trading above Daily S/R, a pullback retest with a hold will allow for a bullish bias.
The current resistance is Local S/R, breaching this level will make the swing high objective.
Both oscillators are currently overextended; a reversion to their mean is currently in the process.
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,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
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 ⚔️
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.