jrebong

Chart study on reversal with multiple components

Alış
FX:GBPAUD   İngiliz Sterlini / Avustralya Doları
I've been looking at this chart basically the entire day. I traded it long but got stopped out because I was too early.
I wanted to post here so I can study it some more and figure out where exactly can I enter?

But first the analysis
1. Price is trending down with a clearly defined channel
2. But this is after a previous impulsive move up so I thought this downtrend was only a natural corrective structure.
2. Then an inverted head and shoulders formed - When the right shoulder materialized, it alerted me to the possibility of going long.
3. A triangle formed on the right shoulder.
4. Price went up again after than and never looked back after the triangle breakout

I'm gonna see how I can refine my entries based on this chart.
The effect of a real-time chart developing is quite strong.


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.