GBP/AUD shift to bearish.
Hello traders!
Let me tell you why GBP/AUD, in my opinion, shifted to bearish.
D1:
- price breakout the previous low of the uptrend
- price reacts from a supply that has an imbalance and changes the character of the movement (from bullish to bearish)
- price reacts above fibo 50
- the last 2 candles are bearish and break the low of the 3rd candle (bearish sign)
H4-H2:
- the internal trend is bearish and is at the beginning
- the price reacts to an important supply
At this moment the price is in demand and I'm looking for a little retracement and a bearish structure in the next H2-H4 supply.
Based on these signs that the price gives me, I will look to sell on GBP/AUD.
Good luck and risk wisely!
Let me tell you why GBP/AUD, in my opinion, shifted to bearish.
D1:
- price breakout the previous low of the uptrend
- price reacts from a supply that has an imbalance and changes the character of the movement (from bullish to bearish)
- price reacts above fibo 50
- the last 2 candles are bearish and break the low of the 3rd candle (bearish sign)
H4-H2:
- the internal trend is bearish and is at the beginning
- the price reacts to an important supply
At this moment the price is in demand and I'm looking for a little retracement and a bearish structure in the next H2-H4 supply.
Based on these signs that the price gives me, I will look to sell on GBP/AUD.
Good luck and risk wisely!
Note
Now I wait for a bearish structure on low timeframe before I enter.
Note
Gbp/Aud switch to bullish! Next time!
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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.
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.