GBPAUD Long term outlook

Hi traders:

How I see GBPAUD for the long term approach would be to patiently waiting for a larger higher time frame structure to develop.

We see price had a strong impulse move down, and currently at the bottom of the channel structure.

Such strong move requires larger, deeper, correction to develop before any continuation.

Hence I will observe what the price will do this point forward.

Short term wise, I do expect price to get push up, and form a lengthier correction before the next sell momentum to come in.

This could take weeks/months until a higher time frame structure can be completed.

Thank you

Kommentera:

Higher Time Frame:

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Kommentera:

price broke out structure, wait for lower time frame continuations.