Hey Everyone
Another pair on my watchlist for the week ahead is GBP/AUD . This pair has broken above the double top at the 1.76531 area and has pushed to the downside. This is a clear spaced out three touch continuation forming in which if price demonstrates exhaustion, I will be looking for a risk entry at the third touch after a 1h rejection and or pin-bar. I will also be looking for the tight consolidation just below the continuation for a reduced risk entry to scale into the markets. Something that also stood out to me is because of the volatility the pound pairs have experienced on September 26, we have across the pound pairs created a near miss at significant lows.
We will have to see what happens in the coming weeks!
Another pair on my watchlist for the week ahead is GBP/AUD . This pair has broken above the double top at the 1.76531 area and has pushed to the downside. This is a clear spaced out three touch continuation forming in which if price demonstrates exhaustion, I will be looking for a risk entry at the third touch after a 1h rejection and or pin-bar. I will also be looking for the tight consolidation just below the continuation for a reduced risk entry to scale into the markets. Something that also stood out to me is because of the volatility the pound pairs have experienced on September 26, we have across the pound pairs created a near miss at significant lows.
We will have to see what happens in the coming weeks!