Hi everyone, hope you're doing well;
This is my analysis on GbpAud;
We can see that in high time frames the trend is short, and there is a Gap in the Daily time frame that the market needs to cover.
Going more deep, in lower time frames, I see that the market is doing a slower retracement of the last strong long impulse.
I think that the market is going to cover the imbalance, that matches an important rotation point. It could go up to cover the Daily Gap and then continue the down trend.
If the market will come back to the rotation point, I'll try to enter with a long position with target until the Gap.
Like and comment this Analysis with your point of view. 🤑🤑📊📉📈👍🏼👍🏼👍🏼✍🏼✍🏼
Thank you.
This is my analysis on GbpAud;
We can see that in high time frames the trend is short, and there is a Gap in the Daily time frame that the market needs to cover.
Going more deep, in lower time frames, I see that the market is doing a slower retracement of the last strong long impulse.
I think that the market is going to cover the imbalance, that matches an important rotation point. It could go up to cover the Daily Gap and then continue the down trend.
If the market will come back to the rotation point, I'll try to enter with a long position with target until the Gap.
Like and comment this Analysis with your point of view. 🤑🤑📊📉📈👍🏼👍🏼👍🏼✍🏼✍🏼
Thank you.