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Aug 15, 2022 9:51 AM

GBPAUD D1 - Break & Retest (Sell Signal) Short

British Pound/Australian DollarFXCM

Description

GBPAUD D1

We are now starting to see some seller exhaustion and buyer correctional play coming in. Hopefully we can pullback up towards out confluence zone of 1.72650, here we have our are a of H4 s/r, and a healthy corrective point of 618.

We would obviously like some sort of H4/D1 PA confirmation to tick off the third confluence.
Comments
WolfBladeTrading
Bulls look strong now... waiting for further bearish momentum, expecting to re-consolidate then break back short, hopefully around ~1.72085. Thoughts?
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