Short-term bullish, long-term bearish
Weekly: Last month, the pair created a higher high at 1.8000, evening star formation then formed as a sign of retracement. With weekly time frame, especially on GBP pair, I would expect something like 0.786 Fibonacci to be met. 1.7000 would be my main target for GBPAUD until the end of the month.
Daily: On daily time frame, after 4 weeks of consistently bearish, price found a support at 1.7100 and was pushed up slightly. This is just a retracement for a long-term bearish. I believe that price could retest the 1.7500 key level and then fall to 1.7000 by the end of January
Weekly: Last month, the pair created a higher high at 1.8000, evening star formation then formed as a sign of retracement. With weekly time frame, especially on GBP pair, I would expect something like 0.786 Fibonacci to be met. 1.7000 would be my main target for GBPAUD until the end of the month.
Daily: On daily time frame, after 4 weeks of consistently bearish, price found a support at 1.7100 and was pushed up slightly. This is just a retracement for a long-term bearish. I believe that price could retest the 1.7500 key level and then fall to 1.7000 by the end of January
Note
105PIPs archived. I closed the tradeNote
1.7500 was reached. Now I'll wait for reaction of the pair in this zoneNote
A strong close above 1.7500 actually changed my bias on this pair. I think 1.8000 could be met soon next week
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.
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.