On the 4 hour and Daily, there is a strong potential of a shark pattern completing for GBPAUD .
As of right now, any pullback is for the short. Fundamentally speaking, the bearish sentiment falling on GBP and AUD strength aligns itself with the technical analysis on this pair.
If and once price reaches the target zone for entry, look for reversal candlestick patterns as well as consolidation before getting into the trade. These are two key confirmations needed for the harmonic pattern to play out.
Make sure to take majority of profits at TP1, wait for the retracement, and then ladder in positions for the buy till TP2.
Let's see how this plays out.
As of right now, any pullback is for the short. Fundamentally speaking, the bearish sentiment falling on GBP and AUD strength aligns itself with the technical analysis on this pair.
If and once price reaches the target zone for entry, look for reversal candlestick patterns as well as consolidation before getting into the trade. These are two key confirmations needed for the harmonic pattern to play out.
Make sure to take majority of profits at TP1, wait for the retracement, and then ladder in positions for the buy till TP2.
Let's see how this plays out.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.