Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
GBPAUD is retesting a resistance zone in green so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
GBPAUD is forming a channel in red but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the gray low.
Meanwhile, until the buy is activated, GBPAUD would be overall bullish and can still trade higher inside the resistance or even break it upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on Weekly: Left Chart
GBPAUD is retesting a resistance zone in green so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
GBPAUD is forming a channel in red but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the gray low.
Meanwhile, until the buy is activated, GBPAUD would be overall bullish and can still trade higher inside the resistance or even break it upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal