GBPAUD potential Set up
Updated
- price is currently in a double top
- there is a continuation channel in the 1h timeframe, and there is also a head and shoulder type of patter
- wait for a break in the 1h timeframe channel and wait for a setup in the 15m timeframe
- may 10 2022
- there is a continuation channel in the 1h timeframe, and there is also a head and shoulder type of patter
- wait for a break in the 1h timeframe channel and wait for a setup in the 15m timeframe
- may 10 2022
Comment
- the channel on the one hour is finally broken - wait for a continuation channel to the downside and place a stop order below the channel if there is any formed.
- don't forget to place a stop loss in case the market doesn't go the way we analyzed it.
- may 11 2022
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