Evening Traders,
Today's Analysis - GBPAUD's - trading with corrective price action that will lead to a bounce
Points to conside,
- price action corrective
- local range low lost
- nPOC Support
- range reclaim = deviation
GBPAUD's immidiate price action is trading at a key support that is the nPOC, a bounce here with a reclaim of the local range will confirm a deviation, this will allow for a bullish bias.
the immediate objective will then become the .618 Fibaoncci of the recent impulsive leg down.
price action is to be used upon discretion/ management when executing this trade
hope this analysis helps, thank you for following my work and remember,
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
― Yvan Byeajee
Today's Analysis - GBPAUD's - trading with corrective price action that will lead to a bounce
Points to conside,
- price action corrective
- local range low lost
- nPOC Support
- range reclaim = deviation
GBPAUD's immidiate price action is trading at a key support that is the nPOC, a bounce here with a reclaim of the local range will confirm a deviation, this will allow for a bullish bias.
the immediate objective will then become the .618 Fibaoncci of the recent impulsive leg down.
price action is to be used upon discretion/ management when executing this trade
hope this analysis helps, thank you for following my work and remember,
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
― Yvan Byeajee