Overall - GBPAUD is in the middle of a downtrend
See chart for explanation of what I see and why.
use your own strategy to understand the market - however I use Elliot wave for the overall market pattern which informs the structure and then I use the smaller Tfs to analyse what is happening in a smaller degree within the overall move.
I don't swing trade I day trade - but swing traders can look for sells, day traders have their own technique I often trade impulses and pullbacks, but impulse moves are less risky to trade so I prefer to trade that.
However using support and resistance/fib/supply and demands compliment this strategy well so you know when to enter and exit trades - and also knowing market patterns using the Elliot wave helps to bring more confirmation and confidence to your trades.
use your own strategy to understand the market - however I use Elliot wave for the overall market pattern which informs the structure and then I use the smaller Tfs to analyse what is happening in a smaller degree within the overall move.
I don't swing trade I day trade - but swing traders can look for sells, day traders have their own technique I often trade impulses and pullbacks, but impulse moves are less risky to trade so I prefer to trade that.
However using support and resistance/fib/supply and demands compliment this strategy well so you know when to enter and exit trades - and also knowing market patterns using the Elliot wave helps to bring more confirmation and confidence to your trades.
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.