GBP.AUD - Technical Breakdown

2017年3月26日

The GBP.AUD is one pair on my watchlist into next week.

Monthly:
1. Bullish RSI divergence
2. Support found at 1.6000 psychological level

Weekly:
1. Bullish RSI divergence
2. Low-test candle formed at the key 1.6000 psychological level
3. Last week candle broke the previous month's candles

Daily:
1. Bullish RSI divergence
2. Price breaking above Daily EMA
3. RSI not overbought

4hr:
Bearish RSI divergence is forming which gives me an indication that we will see a minor pullback prior to a push towards the the 1.6700 psychological level.

2017年3月26日

注释

2017年3月26日

注释

No gap occured on this pair so my analysis is still valid running into this week.

2017年3月27日

注释

Price is now pushing towards the 1.6700 psychological level however we have not yet had a deep enough correction for us to take this pair long.

2017年3月28日

注释

Price is now quickly approaching 1.6700 and trendline resistance.
I am now awaiting a reversal setup on multiple timeframes or a break and retest.

2017年3月29日

注释

This is one occasion where although the analysis was spot on, it didn't give us an entry setup.
No emotions as normal, we will move on to the next pair.