Hello traders, I don't know any fundamentals in trading. I like trading technically. All GBP pairs seem weak. GBPAUD is my favorite right not among them. These is my technical analysis with GBPAUD;
-Clean monthly engulfing rejecting my trendline even though I don't really like using trendline.
-W candles cleanly rejecting my small D fib.
-D shooting star @ D fib 38.2%
-My 4hr bullish RSP (Recent swing point) has been breached. It means it will going to move bearish for me. That's how I determine my trend
What do you think traders?
Goodluck guys
-Clean monthly engulfing rejecting my trendline even though I don't really like using trendline.
-W candles cleanly rejecting my small D fib.
-D shooting star @ D fib 38.2%
-My 4hr bullish RSP (Recent swing point) has been breached. It means it will going to move bearish for me. That's how I determine my trend
What do you think traders?
Goodluck guys
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.