Longterm view. GPBAUD is likely to keep falling to the last major weekly swing low - yearly S1. When it reaches S1 watch for reversal.
Yearly pivots, that is where major reversals take place. Price usually travels between yearly pivot and S1 or R1 during the year.
As you see, in 2017, 2018 and 2019 GBPAUD stopped and reversed at yearly R1.
Watch price action at yearly pivots.
Yearly pivots, that is where major reversals take place. Price usually travels between yearly pivot and S1 or R1 during the year.
As you see, in 2017, 2018 and 2019 GBPAUD stopped and reversed at yearly R1.
Watch price action at yearly pivots.
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