This analysis is not the holy-grail but per my experience of trading for some years now, i can see a high trading setup to short gbpaud in a short timeframe. However, traders can
wait for the break of the consolidation and find a good signal for entry.
Reason for my short term shorting opportunity:
1. Price at a significant resistance level
2. Previous evidence of price falling from the resistance level
3. A couple of rejections from the level
4. 1 hr tF give a good signal for shorting
wait for the break of the consolidation and find a good signal for entry.
Reason for my short term shorting opportunity:
1. Price at a significant resistance level
2. Previous evidence of price falling from the resistance level
3. A couple of rejections from the level
4. 1 hr tF give a good signal for shorting