GBPAUD XABCD Short from PRZ/D TP1/TP2 Swing Trade

761
🔸Hello traders, let's review the 20 MINUTE chart for GBPAUD. Strong gains off the lows recently, however price getting overextended and expecting reversal later at/near PRZ/D.

🔸Speculative XABCD structure defined by point X 1000 point A 0700 point B 0930 point C 0640 point D/PRZ 1080 still pending.

🔸Currently most points validated, point D/PRZ still pending 1080, so traders should wait until we hit D before SHORTING.

🔸Recommended strategy for GA traders: wait for price to max out to complete at point D near 1080, short/hold, SL 80 pips, TP1/TP2/TP3 0940/0840/0780. SHORT/HOLD at point D/PRZ at 1080 swing trade setup. keep in mind this is a swing trade setup, patience required.

🎁Please hit the like button and
🎁Leave a comment to support our team!

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
GOLD H4 Accumulation Fractal Target is 4 000 USD
GOLD H4 Accumulation Fractal Target is 4 000 USD

Note
Gold Bull Markets: Long-Term Overview & Current Market Update
Gold Bull Markets: Long-Term Overview & Current Market Update

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.