GBPAUD Buy Bias
Current Trend: Uptrend
-Price is consistently printing higher highs and higher lows indicating we are in an uptrend and should be looking for buys
Confluence #2: We are being patient and waiting for price to retrace into our golden zone to trigger our entry.
Confluence #3: RSI indicator
Price is currently showing oversold meaning we are looking for a change in trend soon which is in line with our current bias.
Confluence #4: Price Action
Candles are getting smaller and more wicks are occurring meaning buyers and sellers are currently at equilibrium. Price will look to make a break from here. This is a zone where banks manipulate price to take out retail traders and get the best entry they can get and the goal is to get an entry in with them!
-
We are risking 15 pips to win 120 pips for a risk to reward of 8:1.
Be patient and wait for the best entry
-
#WakeUpInProfit
-Price is consistently printing higher highs and higher lows indicating we are in an uptrend and should be looking for buys
Confluence #2: We are being patient and waiting for price to retrace into our golden zone to trigger our entry.
Confluence #3: RSI indicator
Price is currently showing oversold meaning we are looking for a change in trend soon which is in line with our current bias.
Confluence #4: Price Action
Candles are getting smaller and more wicks are occurring meaning buyers and sellers are currently at equilibrium. Price will look to make a break from here. This is a zone where banks manipulate price to take out retail traders and get the best entry they can get and the goal is to get an entry in with them!
-
We are risking 15 pips to win 120 pips for a risk to reward of 8:1.
Be patient and wait for the best entry
-
#WakeUpInProfit
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.
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.