JICPT|GBPAUD sideway trading plan

38
Hello everyone. GBPAUD has formed a sideway structure on the daily chart.

So, simply put, I'd like to adopt buy-low-sell-high strategy. It works until it doesn't. Just be careful of the position size.

What do you think? Give me a like if you're with me.
Note
On the hourly chart, we got some response to the recommend buy level. However, we should wait till the red downtrend line to be violated.
snapshot
Note
on the hourly chart, the structure near the buy now line has been violated completely with a quick retest. The downtrend continues...
snapshot

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.