asTroLoGiCaL
Short

GBPAUD - Supply&Demand Analysis - Short Opportunity

FX:GBPAUD   British Pound/Australian Dollar
110 0 3
We have created a strong supply imbalance at the 2.06 level. When we get a massive move out of a level we know there is large imbalance so we will look for confirmation with candle bodies closing inside the zone (wicks outside ok, expected for hitting stops.) Price action will be extra confirmation, along with 61.8 level.
Trade active: Short executed last night. First tp at 2.00173. If it looks primed for a further move lower we can expect a move down to the 1.97 area.
Trade active: Looking primed for a further move down, Selling the pullbacks with confirming price action.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out