GBP.AUD - Technical Breakdown

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.

Komentarz:

Komentarz:

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

Komentarz:

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.

Komentarz:

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.

Komentarz:

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.