BlazeGP

GBPAUD off of the ROAD. Short and long entry.

Short
FX:GBPAUD   British Pound / Australian Dollar
In this analyisis we expect: the first one and the most important is the KL, the acumulation in our weekly Key level has been too much poor so we expect that the value needs to arrive again to this zone before the rise. In the other hand, we have a simetric triangle so we will wait the fake out before the entry, but first we need this acumulation in the weekly. The other possibility is that after retest the uptrend, the value rise, but the accumulation in the KL is most possible. We also see that all the values love to retest in the 61.8%.

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.