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GBPAUD H2: XABCD BEARS / SHORT IT TP +200 pips(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect 200+ pips correction soon once we hit the D/PRZ.
🔸 Summary and potential trade setup ::: GBPAUD 2hours/candle chart review ::: speculative XABCD setup in progress now ::: point D/PRZ near 8370/80 ::: SHORT IT and get paid, period ::: 8370/80 best entry BEARS ::: SL 60 TP1 +120 TP2 +200 ::: Recommended strategy: SHORT IT D/PRZ ::: might get triggered on FRIDAY ::: If triggered on FRIDAY ::: be prepared to hold over WEEKEND ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment short-term: BULLS ::: Sentiment outlook mid-term: BEARS/PRZ/D
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just posted an update on EURAUD. H16 chart. so it's possible that there is a bit more upside to this pattern in GBPAUD. But reversal still highly likely Friday / Monday next week. So stay sharp.