IS GBP/AUD PUSHING UP?
Updated
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The market today is on an Ascending impulse channel with some swing highs and swing lows on the weekly. Price is respecting the higher low trend to the upside.
Price action on the overall weekly is still in a corrective stage which means that the structure isn't complete yet for a reversal.
Price action on the daily looks to be making a descending correction channel with swing highs and lows. Price action seems to be pushing off the gold zone on the fib with 0.618% and 0.50%. Check this link
Price action on the four hourly is making a double bottom. Waiting for a breakout and pullback from the descending channel for a continuation.. https://www.tradingview.com/x/a45pc73w/
The market today is on an Ascending impulse channel with some swing highs and swing lows on the weekly. Price is respecting the higher low trend to the upside.
Price action on the overall weekly is still in a corrective stage which means that the structure isn't complete yet for a reversal.
Price action on the daily looks to be making a descending correction channel with swing highs and lows. Price action seems to be pushing off the gold zone on the fib with 0.618% and 0.50%. Check this link
Price action on the four hourly is making a double bottom. Waiting for a breakout and pullback from the descending channel for a continuation.. https://www.tradingview.com/x/a45pc73w/
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