GBPAUD has seen strong bearish pressure. After reaching the demand zone, expecting it for a pullback to retest SBR zone.
Green box : Supply zone
Orange box : Demand zone
White box : SBR zone
Green box : Supply zone
Orange box : Demand zone
White box : SBR zone
Trade active
Still holding the trade, as I’m waiting for the price confirmation at the minor SNR level. If it breakthrough then it confirms the direction it is heading.Trailing stops is needed if continually holding this trade.
Trade closed manually
Entry closed at +110pips as the market is ranging in the minor resistance level.This trade will be recorded in my personal journal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.