Slope analysis on GBPAUD.
Hi traders,
Jus did this slope analysis on GBPAUD and is working perfectly. So I think we can use the White lines (slopes) as resistances and supports. So in another words, sell at resistance and take profit will be the line below.
Another thing; we are getting close to the 0.50% fib of the whole move and in the same zone is a reaction zone that we can see from the past.
Good luck,
Thiago Duarte
thiago@duarteinvestmentgroup.com
ThiagoTrader
Jus did this slope analysis on GBPAUD and is working perfectly. So I think we can use the White lines (slopes) as resistances and supports. So in another words, sell at resistance and take profit will be the line below.
Another thing; we are getting close to the 0.50% fib of the whole move and in the same zone is a reaction zone that we can see from the past.
Good luck,
Thiago Duarte
thiago@duarteinvestmentgroup.com
ThiagoTrader
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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.