Morning all,
it's been a minute for sure. GBPAUD - has been bearish for some time now. As you can see we are nearing strong supportive regions on the monthly and weekly. Here we can expect orders to be sitting hence price to slow and exhaust coming into this region. For a short term trade , a buy could be taken once we receive a valid break and retest on the 1H timeframe of the Daily key level marked. For a continued sell, due to it's critical supportive regions , we do require a 4H break and retest of the zone marked.
Have a lovely day fam.
Trade safe
Sunny
it's been a minute for sure. GBPAUD - has been bearish for some time now. As you can see we are nearing strong supportive regions on the monthly and weekly. Here we can expect orders to be sitting hence price to slow and exhaust coming into this region. For a short term trade , a buy could be taken once we receive a valid break and retest on the 1H timeframe of the Daily key level marked. For a continued sell, due to it's critical supportive regions , we do require a 4H break and retest of the zone marked.
Have a lovely day fam.
Trade safe
Sunny
Comment:
Higher risk short in play. Wait for the pullback before confirmation
Trade closed: target reached:
Target acquired for the sell. Remember that price is in critcial region and I expect price to turn around soon.