GBPAUD to mitigate before going higher?

Long

Livre sterling / Dollar australien (FX:GBPAUD)

Mis à jour

FX:GBPAUD Livre sterling / Dollar australien

trendanalysis chartpattern gbpaud gbpaudlong smartmoney smc

As you may know, an easy setup I trade involves price breaking previous levels which is the Intent to go higher (in this case). However, such a move is not sustainable before clearing out open short positions in order to go higher in profit. Therefore, price should return to the zone indicated before going higher. A risk entry would be at the zone indicated however I recommend waiting for a reversal on LTF to avoid liquidity grabs. GL

Commentaire:

After clearing some orders, price is rushing lower to fill the imbalance in the market. Waiting.

Commentaire:

Nicely filled if you took the risk entry! From this point onwards would be good to monitor the trade as this trading week is expected to be particularly volatile. Always take partials. GL

Commentaire:

UPDATE: As you can see boys & girls, all going to plan (unless you took the risk entry lol, price is unstoppable to reach the target!

Commentaire:

TP smashed! So happy about this one, I love GA

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