Analysis of #GBPAUD
Hi traders, today we will have a look at #GBPAUD
as you can see we have the market dropping down to test the lows near 1.7500, currently the market is at the resistance zone, if you look at the left side of the chart you can see there are multiple levels of resistance in this area
so I expect the market to test the lowes, we have 2 levels that interest me, the 4-hour structure support level and the daily structured support level as laid out on my chart
if the market drops and test this zone I will then drop the lower time frame looking for a double bottom, or bearish candle formation, better if I get a harmonic pattern I can then enter with a limit order, lets what the market will give
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #GBPAUD
as you can see we have the market dropping down to test the lows near 1.7500, currently the market is at the resistance zone, if you look at the left side of the chart you can see there are multiple levels of resistance in this area
so I expect the market to test the lowes, we have 2 levels that interest me, the 4-hour structure support level and the daily structured support level as laid out on my chart
if the market drops and test this zone I will then drop the lower time frame looking for a double bottom, or bearish candle formation, better if I get a harmonic pattern I can then enter with a limit order, lets what the market will give
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
