GBPAUD - Channel Divergence
GBPAUD has been on an uptrend since July 2019 , within a well defined channel structure.
Divergence has been in play since end of Jan 2020.
Price is in the top half of the channel recently, and there has been a sharp rejection when price has risen above 2.04
(twice in March 2020. )
Considering a trade in direction of the market
1. Enter long - around channel support 1.9640 - 1.9680
2. Stop - below prior channel low 1.9520
3. Target - at 2.0350 ( intrachannel , below the rejection point of 2.04 and near the previous wick highs)
4. RR = 3
Divergence has been in play since end of Jan 2020.
Price is in the top half of the channel recently, and there has been a sharp rejection when price has risen above 2.04
(twice in March 2020. )
Considering a trade in direction of the market
1. Enter long - around channel support 1.9640 - 1.9680
2. Stop - below prior channel low 1.9520
3. Target - at 2.0350 ( intrachannel , below the rejection point of 2.04 and near the previous wick highs)
4. RR = 3
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.