GBPAUD | Follow-up details

A follow-up detail on the GBPAUD that was published earlier this week (see link below for reference purposes) where we locked in around 70pips before price action took us out. Now we are at a very critical level (1.76) where a breakout of this zone (supply area) might incite a bullish continuation. However, considering the long-term bearish momentum on the higher timeframe, I am of the opinion that the price needs one more bearish move before buyers finally garner the strength to push the price to the upside.

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Transaction en cours:

Trade has been triggered, locking at break-even due to volatility (45pips in total running in profit)

Trade fermée manuellement:

Break-even level hit, Update coming soon

Commentaire:

1st entry adjusted to 1.76220 while order entries remain valid (purple dotted line)

Commentaire:

I shall be going on vacation for the Easter holidays and to resume on Wednesday - 20th of April 2022. Best of luck