GBP/AUD analysis(08/09/2021)
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GBPAUD is approaching a resistance zone in green so we will be looking for sell setups on lower timeframes.
on M30: GBPAUD is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, GBPAUD would be overall bullish and can still trade higher.
GBPAUD is approaching a resistance zone in green so we will be looking for sell setups on lower timeframes.
on M30: GBPAUD is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, GBPAUD would be overall bullish and can still trade higher.
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