Analysis of #GBPAUD
Hi traders, today we will have a look at #GBPAUD
Similar to my idea on the euraud, here we have another strong supply zone at the gbpaud 4-hour chart, also a strong key market level of 1.7900,
As you can see the market tested this zone and showed a bearish reaction which was expected, right now i am waiting for the market to retest this zone and see what is the reaction and if the sellers will be again interested in entering this area.
If the market actually tests this stone drop lower time frame to look for confirmation we are turning lower before entering a selling trade with good risk to reward
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #GBPAUD
Similar to my idea on the euraud, here we have another strong supply zone at the gbpaud 4-hour chart, also a strong key market level of 1.7900,
As you can see the market tested this zone and showed a bearish reaction which was expected, right now i am waiting for the market to retest this zone and see what is the reaction and if the sellers will be again interested in entering this area.
If the market actually tests this stone drop lower time frame to look for confirmation we are turning lower before entering a selling trade with good risk to reward
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
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