"NoGo" for GBPAUD
This pair saw a nice move up, highlighted by the GoNoGo Trend indicator’s blue bars and the light blue trend line. During that time, the GoNoGo Oscillator (lower panel) stayed above the zero line, bouncing off it and we saw several low risk entry points (green circles on price chart).
As often happens, the break in the trend line coincided with GoNoGo Trend color change, first to amber and now we are in a “NoGo” environment.
We can see that the GoNoGo Oscillator led this trend change, crossing below zero and staying there (blue arrow, lower panel)
Look for the GoNoGo Oscillator to test the zero line from below and fail for a low risk entry into the down move.
We can see that the GoNoGo Oscillator led this trend change, crossing below zero and staying there (blue arrow, lower panel)
Look for the GoNoGo Oscillator to test the zero line from below and fail for a low risk entry into the down move.
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