GBPAUD Wave Structure Analysis with Multiple Timeframes
Updated
- 4H swing is bearish => Currently is pullback.
- M15 swing is bullish.
We can look for buying opportunities up to the supply zone of the 4 hour frame. Then if the 15 minute frame gives a bearish reversal signal we can sell down.
- M15 swing is bullish.
We can look for buying opportunities up to the supply zone of the 4 hour frame. Then if the 15 minute frame gives a bearish reversal signal we can sell down.
Trade active
Note
Price breaks weak swing top and creates new strong swing bottom
Trade closed: target reached
Merry Christmas And Happy New Year!
Note
Price increased to the supply zone of the 4 hour time frame and then decreased as planned.
Note
Price drops as planned
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