TradingView
dadaley48
Oct 5, 2023 10:39 AM

GBPAUD SHORT IDEA  

British Pound / Australian DollarFOREX.com

Description

just now
Pair Name : GBPAUD
Time Frame : 30MIN
Scale Type : large
Price has broken structure to the downside on the 1 min and 3 min and is now trading at a 4hr RESISTANCE area

Reason for trade
Price FAILED TO CLOSE ABOVE TUESDAYS highs(failed to create a Higher high on larger timeframe)

PRICE IS A FVG after a Market Structure SHIFT ( CHoCH)

Imbalance to be filled

Price trading at 4hr resistance

price has made a significant retracement into the 61.80 AFTER A MARKET STRUCTURE SHIFT

Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!

Trade closed: stop reached

More