GBPAUD XABCD Short from PRZ/D TP1/TP2 Swing Trade

6月24日

🔸Hello traders, let's review the 20 MINUTE chart for GBPAUD. Strong gains off the lows recently, however price getting overextended and expecting reversal later at/near PRZ/D.

🔸Speculative XABCD structure defined by point X 1000 point A 0700 point B 0930 point C 0640 point D/PRZ 1080 still pending.

🔸Currently most points validated, point D/PRZ still pending 1080, so traders should wait until we hit D before SHORTING.

🔸Recommended strategy for GA traders: wait for price to max out to complete at point D near 1080, short/hold, SL 80 pips, TP1/TP2/TP3 0940/0840/0780. SHORT/HOLD at point D/PRZ at 1080 swing trade setup. keep in mind this is a swing trade setup, patience required.

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