Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GBPAUD analysis and trading plan - 27 June 2024 #forex #fyp #trading #forexsignals

27 Jun 2024 · 1 min

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Vladimir Ribakov analyzes GBP/AUD on daily and four-hour charts, showing a downtrend with lower highs and lows. The four-hour chart hit support with a bullish divergence, suggesting a short-term bounce before the downtrend resumes.

Chapters

Double trading opportunity on pound Aussie. Buy, then sell. Let's start with the daily chart. Daily chart broke the rising trend line followed by bearish price action. Three lower highs, lower lows. The four-hour chart follows the same path, breaking below the rising trend line to the downside, making three lower highs, lower lows. But right now the four-hour chart reached very strong support zone. and creates a bullish divergence. Short-term pullbacks to the upside are very likely and possible from here, and later on we will be looking to join the daily trend and sell again. Share your thoughts about the pound Aussie in the comments.