GBPAUD Local OB Resistance| Swing Failure| Price Action| Trend
Evening Traders,
Today’s analysis – GBPAUD – trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Price Action Swing Failure
- Low Volume
- Trend
GBPAUD’s immediate price action is trading at an order block resistance that is in confluence with a Swing Failure Pattern, allowing for a bearish bias.
The current volume profile is below average, an influx is imminent open an expansion.
The current trend is corrective, thus a rejection here will establish a technical lower high.
Overall, in my opinion, GBPAUD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,
Today’s analysis – GBPAUD – trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Price Action Swing Failure
- Low Volume
- Trend
GBPAUD’s immediate price action is trading at an order block resistance that is in confluence with a Swing Failure Pattern, allowing for a bearish bias.
The current volume profile is below average, an influx is imminent open an expansion.
The current trend is corrective, thus a rejection here will establish a technical lower high.
Overall, in my opinion, GBPAUD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,