GBPAUD: Following the ASCENDING CHANNEL
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis📈 and Trading Tips📉, support the idea hitting the LIKE👍 button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!
🟢Forex Pair:
GBP/AUD
⚪Technical Analysis:
Since the beginning of January 2021, the price has been moving with a strong uptrend, following an interesting ascending channel and few bounces on its dynamic support are an extra confirmation of the validity of that pattern.
It has currently reached its dynamic resistance line and the next price action will be essential to understand the next market movement.
🔴Conclusion:
I believe there is a good chance to see the price rising until the main resistance zone at about 1.79000 but as a trend follower I won't open any long position right now because the price is just around its dynamic resistance line.
I'll be waiting for the price reaching its dynamic support and I'll open my next long position once I'll get a proper rejection on that area.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
GBP/AUD
⚪Technical Analysis:
Since the beginning of January 2021, the price has been moving with a strong uptrend, following an interesting ascending channel and few bounces on its dynamic support are an extra confirmation of the validity of that pattern.
It has currently reached its dynamic resistance line and the next price action will be essential to understand the next market movement.
🔴Conclusion:
I believe there is a good chance to see the price rising until the main resistance zone at about 1.79000 but as a trend follower I won't open any long position right now because the price is just around its dynamic resistance line.
I'll be waiting for the price reaching its dynamic support and I'll open my next long position once I'll get a proper rejection on that area.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.