My analysis of the GBPAUD forex pair is as follows:
Market Structure: I have identified the MINOR wave structure, marked in BLUE on the chart. The corrective wave structure, labeled 0A-BC and marked in RED, is also evident. By employing additional techniques, I anticipate that the correction will conclude at the designated point C.
Price Action Momentum Channel: On the chart, I've identified a bearish momentum channel. I anticipate that the price will reach the lower boundary of this channel, and this could present an opportunity for buyers to enter the market.
Fibonacci Analysis: I've identified significant price reaction zones using Fibonacci analysis. In conjunction with other analytical methods, I predict that the price will react notably at two critical levels, particularly in the presence of substantial economic news.
SUPPLY & DEMAND BLUE MINOR STRUCTURE: ~ Fibonacci 0.618 reversal.
Other Secrect analysic.
Thank you for considering this analysis.
Market Structure: I have identified the MINOR wave structure, marked in BLUE on the chart. The corrective wave structure, labeled 0A-BC and marked in RED, is also evident. By employing additional techniques, I anticipate that the correction will conclude at the designated point C.
Price Action Momentum Channel: On the chart, I've identified a bearish momentum channel. I anticipate that the price will reach the lower boundary of this channel, and this could present an opportunity for buyers to enter the market.
Fibonacci Analysis: I've identified significant price reaction zones using Fibonacci analysis. In conjunction with other analytical methods, I predict that the price will react notably at two critical levels, particularly in the presence of substantial economic news.
SUPPLY & DEMAND BLUE MINOR STRUCTURE: ~ Fibonacci 0.618 reversal.
Other Secrect analysic.
Thank you for considering this analysis.