The GBP.AUD is one pair on my watchlist into next week.
Monthly: 1. Bullish RSI divergence 2. Support found at 1.6000 psychological level
Weekly: 1. Bullish RSI divergence 2. Low-test candle formed at the key 1.6000 psychological level 3. Last week candle broke the previous month's candles
Daily: 1. Bullish RSI divergence 2. Price breaking above Daily EMA 3. RSI not overbought
4hr: Bearish RSI divergence is forming which gives me an indication that we will see a minor pullback prior to a push towards the the 1.6700 psychological level.
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No gap occured on this pair so my analysis is still valid running into this week.
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Price is now pushing towards the 1.6700 psychological level however we have not yet had a deep enough correction for us to take this pair long.
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Price is now quickly approaching 1.6700 and trendline resistance. I am now awaiting a reversal setup on multiple timeframes or a break and retest.
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This is one occasion where although the analysis was spot on, it didn't give us an entry setup. No emotions as normal, we will move on to the next pair.