GBPAUD Local OB Resistance| Swing Failure| Price Action| Trend
Evening Traders,
Today’s analysis – GBPAUD – trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Price Action Swing Failure
- Low Volume
- Trend
GBPAUD’s immediate price action is trading at an order block resistance that is in confluence with a Swing Failure Pattern, allowing for a bearish bias.
The current volume profile is below average, an influx is imminent open an expansion.
The current trend is corrective, thus a rejection here will establish a technical lower high.
Overall, in my opinion, GBPAUD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,
Today’s analysis – GBPAUD – trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Price Action Swing Failure
- Low Volume
- Trend
GBPAUD’s immediate price action is trading at an order block resistance that is in confluence with a Swing Failure Pattern, allowing for a bearish bias.
The current volume profile is below average, an influx is imminent open an expansion.
The current trend is corrective, thus a rejection here will establish a technical lower high.
Overall, in my opinion, GBPAUD is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee,
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Disclaimer
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.