GBPAUD - Channel Divergence
GBPAUD has been on an uptrend since July 2019 , within a well defined channel structure.
Divergence has been in play since end of Jan 2020.
Price is in the top half of the channel recently, and there has been a sharp rejection when price has risen above 2.04
(twice in March 2020. )
Considering a trade in direction of the market
1. Enter long - around channel support 1.9640 - 1.9680
2. Stop - below prior channel low 1.9520
3. Target - at 2.0350 ( intrachannel , below the rejection point of 2.04 and near the previous wick highs)
4. RR = 3
Divergence has been in play since end of Jan 2020.
Price is in the top half of the channel recently, and there has been a sharp rejection when price has risen above 2.04
(twice in March 2020. )
Considering a trade in direction of the market
1. Enter long - around channel support 1.9640 - 1.9680
2. Stop - below prior channel low 1.9520
3. Target - at 2.0350 ( intrachannel , below the rejection point of 2.04 and near the previous wick highs)
4. RR = 3
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.