GBPAUD
NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE)
(LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT )
From a daily perspective we can see price has been ranging.
A possible bearish rectangle is in formation which has happened for days notwithstanding the downward movements on 4 hour timeframe.
In this type of scenario, price is expected to make a move to the downside. A bearish continuation.
REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE.
If price can push through the ranging or consolidating zone we can see a further push downward from the box zone.
Also price has clearyl rejected the resistance zone and looking to break the support to the next support zone
Monitor this pair from a 4Hour perspective for entries.
If you have any suggestion, drop in the comment section below.
Trade active:
Hello traders, we can observe from the analysis days ago that price obeyed market structure and we were able to profit from this move.
Please stay tuned as I will update you.
Feel free to like, share and drop a comment below.
Please stay tuned as I will update you.
Feel free to like, share and drop a comment below.
Trade closed manually:
Targets reached. Feel free to trail stop on this pair.
