ProfessorCEWard

🔥 GBPAUD: Curve Analysis (4H) 🔥

Short
OANDA:GBPAUD   Livre sterling / Dollar australien
-SL @ 1.9317 🚫 (conservative)
-SL @ 1.9268 🚫 (moderate)
-SL @ 1.9230 🚫 (aggressive)
SSO1 @ 1.9166 ⏳
SSO2 @ 1.9125 ⏳
TP1 @ 1.9040
TP2 @ 1.8930
TP3 @ 1.8850
TP4 @ 1.8725
BLO @ 1.8695 ⏳
SUPPORT @ 1.8625

📈 We've been waiting a while for PA to reach the SZ on this pair and we're finally there

🖥 We have GBP News @ 23:00 PT / 02:00 ET, which could be the catalyst that'll trigger our Sell Orders for a short

✍️ NOTE: Each TP is a POC where we expect market participation to switch from being supported by buyers to being resisted by seller's

🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
POC = POINT OF CONTROL
SL = STOP LOSS
SSO = SELL STOP ORDER
TP = TAKE PROFIT

This is an Intermediate Time Frame trade (4 hours to 6 day):

— Offers a clearer picture of the underlying trend compared to short-term frames.

— Provides more opportunities for confirmation signals and technical analysis.

— Allows for more flexible trading schedules, trades can be held overnight.

— Suitable for swing traders and some positional traders.

Professor C. E. Ward
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