GBPAUD - Look for Continuation Long (SCALP) 1:3!
Updated
The structure is clearly showing an uptrend with a solid formation of HH andHL, failing to create a new L. This indicates a potential buy entry opportunity, supported by confirmations and confluences such as Fibonacci Retracement and SND principles.
The target should be the nearest S zone. Avoid being overly greedy with this setup, especially with an upcoming high-impact GBP news event.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
The target should be the nearest S zone. Avoid being overly greedy with this setup, especially with an upcoming high-impact GBP news event.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Trade closed manually
Price swiftly collected orders at the D zone and generously provided 70 pips before sellers reentered the market.Trade closed manually
Price retraced to the D Zone, triggering stop-losses before resuming its bullish trend toward the forecasted S Zone. Liquidity traps are common in the market, but with proper risk management, we can mitigate their emotional and financial impact.,
_S.Fx_
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