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British Pound / Australian Dollar
Long
Updated

GBPAUD long

72
Hello traders, here is why I believe GBPAUD is due for longs;
Monthly

  • There is a bullish setup and the next major region on the timeframe is 1.9835
    snapshot

Weekly

  • Nothing worth noting
    snapshot

Daily

  • Bullish setup formed in the last 2 days
    snapshot

4 hour

  • There is a bullish setup since there are so many levels of liquidity that have been broken.
  • My thesis is that price will retest 1.9627 before going upwards.
  • This is because that is the region where most orders have been picked up and there is a lot of liquidity.
    snapshot
Trade closed: target reached
Price did not even retrace. It went straight to my targets
allan_mwenja2000
Chart PatternsGBPAUDgbpaudlongTrend Analysis

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.
Chart PatternsGBPAUDgbpaudlongTrend Analysis
allan_mwenja2000

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.