GBPAUD - TRADE SET UP - 15M CHART

Updated

Traders, price continued to go higher (from yesterday's push) during Asian session and we are approaching 06:00 London time. Price touched the supply/liquidity area(1.9665) and I'm monitoring the price action. A significant break above the 1.9686 price would create a higher high(from 25/8/23). This would open up BUYS to the supply level above at 1.9800. We may get a situation where price breaks out for 15-20 pips London open and starts a consolidation(reversal) phase approaching NY 12:00/13:00 where price pushes higher. Watch the price action.
DIONNG

Note

Traders, the price action tells the story. If there are significant rejection candles at the resistance high and a deep pullback >70% coming into NY I'm not as confident that price will make it to the next supply area. Alternatively, price motors higher during the London session and sells of NY open(13:00). Seen that many times.
Good luck
DIONNG

DIONNG

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