GBPAUD Since my previous analysis has been melting into our overall targets as projected in my previous analysis - however price is now over extended and over sold and I am expecting profit taking to occur and a short term bullish retracement. On the LTF we can Identify there is an imbalance to fill on Yesterdays and todays Asian session and a large double top formation with stops above the equal highs.
For entry confirmations I am waiting to see if price can make a bullish break of structure and form a new HH from a 15m perspective, before I can look enter on the retest of the OB.
For entry confirmations I am waiting to see if price can make a bullish break of structure and form a new HH from a 15m perspective, before I can look enter on the retest of the OB.