Hi fellows. I am watch price action for short on this pair. In case price break up and change the flat channel formation then i will look for upside continuation.
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Watch impulsive breakdown fellows.
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GBPAUD has huge potential to the downside.
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Watch pullback and look for short.
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Hi fellows. As you can see price went into daily TCP Now watch for continuation of previous wave.
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SoaringTrader
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sorry, forget what i just said. Just found out my D1 chart wasnt updated :)
Now, it indeed looks like it makes a corrective move first.
SoaringTrader
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if you look at the D1 chart i would say it makes another high before your H1 scenario happens. Also if Macron wins today (most likely) this pair might also open with a gap to the upside. So, my guess is that on Monday and Tuesday we'll see an upmove first.
andrew.han
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I think price could do a little fake move to the upside before heading lower.
ChargingBull1
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Nice prediction
rafaeltom
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This channel... Beautiful work!
rafaeltom
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Wave-Trader
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@rafaeltom, nice chart mate but short term is upside Ya so impulse is required for short.
rafaeltom
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@Wave-Trader, Yes, I'm aware of that. It is pushing up.
Wave-Trader
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@rafaeltom, Divergence only does not confirm that price gonna reverse from current price.
rafaeltom
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@Wave-Trader, Agree. Divergence is announcement of future impulse, but it doesn't mean that impulse going to appear for sure, right here and right now. Last year on GBPJPY pair we had similar situation (divergence with reversal channel) and price was just making new highs. Thank You for reply! Keep up Your amazing work for us, please! :)
Now, it indeed looks like it makes a corrective move first.