Subdivisions look ok.
RSI on larger timeframe is low.
Parallel channel connecting W2 and W4 forms nice geometry.
Median line of channel forms nice confluence with the first W5 target.
This is not financial advice.
I would Like To See 0.187 - 0.183 Before We Just Fly
Please Refer Back To Previous Ideas
End Of Phase 2
Fibonacci Levels 38.6% , 50% & 61.8%
Trendline Tap 3
W Forming On Daily Timeframe
There is a possibility of a GBPAUD long set up here. There is no technical pattern right now, so there is no trigger to take the trade but we are approaching a very important trend line and the bottom of a support zone Time to put GBPAUD on your watch list for the week to see if a reversal patter forms or we get a big Higher High - Higher Close when we hit the...