I have been watching GBPAUD over the last few weeks, seems its bull run is now over and I am expecting a heavy drop. Starting on the weekly its clear to see its had a big bull run for the last five weeks after taking out a massive sell side liquidity pool. This week or next we should see it start to fall hopefully making one final bull run for liquidity above previous STH (if it doesn't reach the sell limit and starts to fall ill look for another entry)
If it reaches the 1.89000 level ill be looking for a buy all the way back up or at least 50%
Set the trade as a sell limit at the levels of the short position on the chart if you agree with this idea!
If it reaches the 1.89000 level ill be looking for a buy all the way back up or at least 50%
Set the trade as a sell limit at the levels of the short position on the chart if you agree with this idea!