In this chart, we should wait for the reaction of the price on the lower level and if we saw a reversal pattern, we should start a LONG position.
Since the ratio between the TP an SL of the first SUPPORT level is not reasonable, it's better that we wait for the price to reach the lower level.
Hi Dear traders.
Here is my analysis on GBPAUD chart on H4 timeframe, based on supply and demand zone strategy. We expect a "SHORT" position in this moment and we should wait for the reaction of the chart under the resistance level.
TP/SL for this trade is approximately 2.3
Below are my tips for starting this position.
1)Trade at your own risk with proper lot...