GBPAUD has been struggling to break below the Support, With Large divergence forming on the H4 timeframe and structure being formed and respected I am bias to seeing a long impulse coming.
I see either of the two scenarios:
Price Breaks through zone and retest to start its bullish run
it respects the zone and pulls back to give second entry into the trade to Form a Head n Shoulders Pattern
I see either of the two scenarios:
Price Breaks through zone and retest to start its bullish run
it respects the zone and pulls back to give second entry into the trade to Form a Head n Shoulders Pattern
Trade closed manually
Trade closed 30 pips in profit through trailing SL.will update chart tomorrow could see potential mid week reversal
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.