#GBPAUD:+600 PIPS Selling Opportunity! Comment Down Your Views?

Aug 17

🔺The GBP/AUD pair is currently experiencing a bearish structure which suggests lower liquidity. This is evident from the pair’s rejection of the premium region near 1.9250 after absorbing buy-side liquidity. This rejection confirms the presence of strong sellers at higher prices. Since then the pair has formed a series of lower highs broken its internal liquidity trendline and continued to experience bearish breaks of structure.

🔺The price has now fallen below 1.90707 turning the 1.90707–1.91516 region into a strong selling zone. A corrective pullback into this area could attract renewed supply particularly if the 8-hour chart produces another rejection or fails to reclaim the upper boundary.

🔺The 1.9000 area remains the next key support level. A decisive 8-hour close below it would strengthen the continuation scenario towards 1.88118 where the price previously reacted from a discounted buying zone. If selling pressure persists the extended target is 1.85418.

🔺The bearish outlook remains valid as long as the price stays below 1.91516. However a sustained 8-hour close above this level would invalidate the setup and indicate that sellers are losing control.

LIKE AND COMMENT FOR MORE SUCH TRADING IDEAS! ❤️🤝

THE SETUPSFX_ TEAM

15 hours ago

Trade active

+417 PIPS TAKE PROFIT ONE HIT! CLOSE 50% OF POSITIONS OR IF YOU DO NOT WANT TO TAKE RISK FURTHER THEN CONSIDER CLOSING COMPLETELY