GPPAUD, breakout from the range.
GBPAUD / 1D
Greetings, traders! Welcome back to another market analysis.
The GBPAUDpair has been following a consolidation, with the price indicating signs of weakness. This breakout suggests the possibility of further down-movement. I intend to consider entering a position at higher prices following confirmation of the lower time frame during the next pull-back phase.
Trade safely,
Trader Leo
Greetings, traders! Welcome back to another market analysis.
The GBPAUDpair has been following a consolidation, with the price indicating signs of weakness. This breakout suggests the possibility of further down-movement. I intend to consider entering a position at higher prices following confirmation of the lower time frame during the next pull-back phase.
Trade safely,
Trader Leo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.