GBP/AUD 4H Trend continuation setup (short)
GBP/AUD 4H Trend continuation setup (short)
We can see price making lower low (new structure low) and that signals contiunation of the trend.
Major daily structure is way lower and that tells us that price will drop down lower to that structure and retest it.
PRZ is quiet large and i would take it at the top of it because of risk:rward ratio. If price will not be hit i will simply skip that trade.
Stop loss above previous structure. Targets at retest of previous low. For more agressive trade you can put targets at extension 127.2% of last swing high to swing low.
We can see price making lower low (new structure low) and that signals contiunation of the trend.
Major daily structure is way lower and that tells us that price will drop down lower to that structure and retest it.
PRZ is quiet large and i would take it at the top of it because of risk:rward ratio. If price will not be hit i will simply skip that trade.
Stop loss above previous structure. Targets at retest of previous low. For more agressive trade you can put targets at extension 127.2% of last swing high to swing low.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.