GBPAUD-channeling technique-history repeats?
This is a weekly analysis showing a big double zigzag on this pair (im using a simplified labeling for information purposes)
We can see the same scenario happened before: the price reaching the top of the channel+bearish divergence on AO. After that a big correction happened.
The price now has reached the top of the channel, this is why i'm expecting a big CORRECTION if this setup works.
We have another channel being reached by price on D1 chart (see below).
Best regards.
We can see the same scenario happened before: the price reaching the top of the channel+bearish divergence on AO. After that a big correction happened.
The price now has reached the top of the channel, this is why i'm expecting a big CORRECTION if this setup works.
We have another channel being reached by price on D1 chart (see below).
Best regards.