In this pair I see a great potential long setup. With a harmonic cypher in play and a inverse H&S taking shape, I am pretty confident in the underlying strength in a gbp rally. This also aligns with the H&S forming on the eurgbp pair, which is a clear short.
For further evidence, I also see underlying weakness in the aussie, based on my audusd short and euraud long.
Entry: 1.71715
TP1: 1.984
TP2: 2.0325
TP3: 2.08
Sl: 1.65
For further evidence, I also see underlying weakness in the aussie, based on my audusd short and euraud long.
Entry: 1.71715
TP1: 1.984
TP2: 2.0325
TP3: 2.08
Sl: 1.65
Correlation Source: myfxbook.com & coincorrelation.com
(Disclosure: Correlations due tend to change over time)
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Charts are Not Investment Advice.
Charts are my own views & opinions.
(Disclosure: Correlations due tend to change over time)
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Charts are Not Investment Advice.
Charts are my own views & opinions.
