filip.pietrakowski

GBPAUD Trend direction about to change

FX:GBPAUD   British Pound/Australian Dollar
87 3 2
Hello guys, I am new to TradingView website and I still learning how to analyse the market.

Please can you give me your advice/opinion about have I correctly analysed this chart.

In my opinion bearish trend of GBPAUD             is running out of steam and I expecting it to bounce from 2.020 level and to reverse until it reach resistance at about 2.050 then pull back and bounce from support level at about 2.032 level where finally it would change trend direction.

Please tell me what you guys think about it as like I said I am a way behind you guys and any advice will be very appreciated.

Thank you
albert.callisto
10 months ago
I use Ichimoku generally. What I see is strong support at 2.022 that forms the bottom of a triangle whose upper side is the trend you drawn. The price has hard time getting over its Kijun which is currently at 2.057. This wedge pattern could turn into another bearish leg. BUT I might be totally wrong, otherwise we would all have accounts with tons of dollars and gold ;)

https://www.tradingview.com/chart/EMyUuH6b/
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albert.callisto albert.callisto
10 months ago
snapshot
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filip.pietrakowski albert.callisto
10 months ago
Thank you, yes I can see it now, hmm, yes, that's another possibility
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