GBPAUD 1H Analysis, 30th June 2021
Weekly Trend: Sideways
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1:
Congratulation for everyone who caught GA from yesterday analysis. We got around +100 pips
For today's move, GA is rejecting supply area in 4H timeframe where it also potentially making HH in 1h timeframe. We would like to see a retest to the last HH and EMA to put a long position with good RRR and targeting 1.85000 area
Trade scenario 2: For us to consider GA bearish we would need to see a break of support/LL in 4H timeframe at 1.83320
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1:
Congratulation for everyone who caught GA from yesterday analysis. We got around +100 pips
For today's move, GA is rejecting supply area in 4H timeframe where it also potentially making HH in 1h timeframe. We would like to see a retest to the last HH and EMA to put a long position with good RRR and targeting 1.85000 area
Trade scenario 2: For us to consider GA bearish we would need to see a break of support/LL in 4H timeframe at 1.83320
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