GBPAUD DETAILED UPDATE
Hi all :)
Structure analysis - Long term bullish market. Currently price has established intermediate lower lows between confined within bull swing determining short-term bearish bias.
Structure predictive analysis - Price to continue in counter-trend if current structure acts as resistance.
Ratio analysis - daily swing high retraced 0.38 convergent with recent H2 swing low retracement 0.618
Ratio Predictive analysis - 2.0800 to be rejected and a feasible reversal zone.
Harmonic Analysis -
Formation of bat pattern. Price is determined to fluctuate towards 1.9300 (D) as price has breached B point.
Harmonic Predictive Analysis -
Anticipating bat pattern completion (varying D retracement - between .78 and .88)
Regards
laurence
Structure analysis - Long term bullish market. Currently price has established intermediate lower lows between confined within bull swing determining short-term bearish bias.
Structure predictive analysis - Price to continue in counter-trend if current structure acts as resistance.
Ratio analysis - daily swing high retraced 0.38 convergent with recent H2 swing low retracement 0.618
Ratio Predictive analysis - 2.0800 to be rejected and a feasible reversal zone.
Harmonic Analysis -
Formation of bat pattern. Price is determined to fluctuate towards 1.9300 (D) as price has breached B point.
Harmonic Predictive Analysis -
Anticipating bat pattern completion (varying D retracement - between .78 and .88)
Regards
laurence
Commentaire:
Closer look at Ratio analysis
Commentaire:
This pair hasn't given us an immediate reaction as I would have hoped. Some consolidation patterns found on lower tf. So I expect a nose dive very soon.
