GBPAUD ANALYSIS

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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.

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تم فتح الصفقة

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.

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تم إغلاق الصفقة يدويًا

Targets reached. Feel free to trail stop on this pair.