Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
GBPAUD is retesting a resistance zone and now sitting around a previous major low in orange so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
GBPAUD is forming a channel in red and a potential head and shoulders pattern but it is not ready to go yet.
For the bears to take over, we need a new swing high to form to complete the head and shoulders and then a momentum candle close below the gray neckline.
Meanwhile, until the buy is activated, GBPAUD would be overall bullish and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
GBPAUD is retesting a resistance zone and now sitting around a previous major low in orange so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
GBPAUD is forming a channel in red and a potential head and shoulders pattern but it is not ready to go yet.
For the bears to take over, we need a new swing high to form to complete the head and shoulders and then a momentum candle close below the gray neckline.
Meanwhile, until the buy is activated, GBPAUD would be overall bullish and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.