Greetings Fellow Traders,
This is an update to a post I made over a month ago - Market structure has not changed and outlook remains the same. GBPAUD has formed a Bullish Flag in the form of a price channel correction. In the next several days of trading look for the levels shown to be broken - strongly recommended to join the bulls in this move as it does look to be a significant one.
Keep an eye on those confirmed closes and buy the retest/breakout.
Bullish Flags are market structures that form during an up trend and mark a period of consolidation before the trend continues.
You can view the previous analysis here or with the link below:
Feel free to comment/like/follow.
This is an update to a post I made over a month ago - Market structure has not changed and outlook remains the same. GBPAUD has formed a Bullish Flag in the form of a price channel correction. In the next several days of trading look for the levels shown to be broken - strongly recommended to join the bulls in this move as it does look to be a significant one.
Keep an eye on those confirmed closes and buy the retest/breakout.
Bullish Flags are market structures that form during an up trend and mark a period of consolidation before the trend continues.
You can view the previous analysis here or with the link below:
Feel free to comment/like/follow.
