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GBPAUD - Analysis on Daily


The Facts:

  1. We have been within Fib area five times

  2. Last down wave with very High SI 107.4 and that's change in behavior

  3. Individual Volume bars , high volumes at 61.8

  4. Effort vs. Result

Now Effort vs. Result could be two things : 1. Hard to Move Down or 2. A Push Down which is exactly the opposite 1. is Long and 2. is Short

So what do we do? Be patient, draw our Rectanlge Break indi and wait for it. Once it breaks up or down , examine the 1HR.

So all this Effort vs. Result is an alert for us not a trade.

My Bias considering the background is Short but let's see it happening.

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