GBPAUD - long setup
Bullish bias based on following factors:
- Trend line dating back 6 months test
- Fresh demand level
- Bullish hat structure at trend line
- High volume node from volume profile
Additionally, a look at XAUAUD shows price coming off a similar 6 month trend line and reversal candlestick, adding confirmation of depreciation bias for AUD.
- Trend line dating back 6 months test
- Fresh demand level
- Bullish hat structure at trend line
- High volume node from volume profile
Additionally, a look at XAUAUD shows price coming off a similar 6 month trend line and reversal candlestick, adding confirmation of depreciation bias for AUD.
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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.