Hi traders,
Jus did this slope analysis on GBPAUD and is working perfectly. So I think we can use the White lines (slopes) as resistances and supports. So in another words, sell at resistance and take profit will be the line below.
Another thing; we are getting close to the 0.50% fib of the whole move and in the same zone is a reaction zone that we can see from the past.
Good luck,
Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader
Jus did this slope analysis on GBPAUD and is working perfectly. So I think we can use the White lines (slopes) as resistances and supports. So in another words, sell at resistance and take profit will be the line below.
Another thing; we are getting close to the 0.50% fib of the whole move and in the same zone is a reaction zone that we can see from the past.
Good luck,
Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader