GBPAUD 4/10/2022 Analysis

10 Nis 2022

Blue Palm Institute Setup 💎
Pair💰: GBPAUD
Weekly Time Frame🖥️:
Weekly Excelsius View🖥️:
Daily Time Frame🖥️:
Daily Excelsius View🖥️:
4 Hour Time Frame🖥️:
4 Hour Excelsius View🖥️:

Explanation of Analysis📚
Weekly Time Frame📚: The weekly time frame is extremely extended and we should not be surprised if price does a retracement for the short term all the way to the daily lower high (1.81769) In confluence to this retracement, price is respecting the 3 month higher low which is acting as a major support for the bulls.

Daily Time Frame📚: For us to get any buys, we should be breaking above the daily lower high 1.78436 to then continue to the next couple daily lower highs in structure. For sells, its a bit more complex as we have a 3 month, weekly and monthly higher lows in its path. Once price breaks past the monthly higher low, we can then see the next couple daily higher lows, but it will be a hell of a ride to try and get past it all

4 Hour Time Frame📚: For buys, We should wait till we get a break of the daily lower high on the 15 minute time frame, to then form a new 15 minute higher high. Once the higher high is formed, wait for the break of this higher high and then we can enter in for buys. For sells, we need a break of the monthly lower high on the 1 hour time frame. Once the break happens, we wait for the 1 hour time frame to form a new 1 hour lower low. Once we get the new lower low on the 1 hour time frame, wait for price to break the new found 1 hour lower low before entering the sells.