Ladies and gentlemen, GBPAUD could give us a solid short trigger with killer R/R potential. Straight to the analysis, no fluff. 🧙♂️
From the daily timeframe, I'd say the trend is fully bearish with heavy downside momentum.
In the 1H timeframe, after hitting support at 1.97064 and a mostly time-based correction, we're now forming a range below the key daily resistance 1.97980. If the range floor—1.97652—breaks, first target is support 1.97064. In continuation, if the trend holds, we'll see MWC downtrend extension—so watch that support closely.
Long trigger? None right now—we need higher highs/lows on 4H first, then maybe consider it.
By the way, I’m Skeptic, founder of Skeptic Lab.
I focus on long-term performance through psychology, data-driven thinking, and tested processes.
I'll keep you updated. Capital management—don't forget it, skip the FOMO. Peace out. 🩵
From the daily timeframe, I'd say the trend is fully bearish with heavy downside momentum.
In the 1H timeframe, after hitting support at 1.97064 and a mostly time-based correction, we're now forming a range below the key daily resistance 1.97980. If the range floor—1.97652—breaks, first target is support 1.97064. In continuation, if the trend holds, we'll see MWC downtrend extension—so watch that support closely.
Long trigger? None right now—we need higher highs/lows on 4H first, then maybe consider it.
By the way, I’m Skeptic, founder of Skeptic Lab.
I focus on long-term performance through psychology, data-driven thinking, and tested processes.
I'll keep you updated. Capital management—don't forget it, skip the FOMO. Peace out. 🩵
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.