A very clean reversal setup here for GBPAUD we tracked this bullish move higher from last week, after fridays price action we have now seen a move out of the current range and into a new sell move.
With this breakdown we can see that our order flow has shifted bearish at least for the short term, werre looking at our unmitigated supply to give us a smooth move to take price lower into a new range.
now as far as entry for this trade goes il be watching the highs as they have clear trend liquid above them, so with this in mind i may look t take a trade once we sweep out this high or allow more room with the SL to make up for any possible sweeps!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
With this breakdown we can see that our order flow has shifted bearish at least for the short term, werre looking at our unmitigated supply to give us a smooth move to take price lower into a new range.
now as far as entry for this trade goes il be watching the highs as they have clear trend liquid above them, so with this in mind i may look t take a trade once we sweep out this high or allow more room with the SL to make up for any possible sweeps!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!