GBPAUD Completing H&S pattern
Hello, this is my first published trade idea.
My thoughts on GBPAUD :
Price dropped massively after hitting a Monthly resistance (which confluent with Monthly Fibo 61.8), leaving a long shadow Pin Bar on the recent Monthly Candle.
I'm more on the sell side, but to verify that it needs to break the strong Weekly trendline as drawn above.
Yellow Line - Monthly S&R
Magenta Line - Daily S&R
All lines are drawn from a line chart.
My thoughts on GBPAUD :
Price dropped massively after hitting a Monthly resistance (which confluent with Monthly Fibo 61.8), leaving a long shadow Pin Bar on the recent Monthly Candle.
I'm more on the sell side, but to verify that it needs to break the strong Weekly trendline as drawn above.
Yellow Line - Monthly S&R
Magenta Line - Daily S&R
All lines are drawn from a line chart.
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.