GBPAUD made a significant rally up and is now facing its first serious correction since days.
However, it's also closing in a demand zone, which might offer a chance for a scalp up.
Ideally price would make a bottoming pattern showing some weakness in the selling power.
However, it's also closing in a demand zone, which might offer a chance for a scalp up.
Ideally price would make a bottoming pattern showing some weakness in the selling power.
Note
I might cancel this setup, already some breaks on other pairs and signs of selling power coming in. It seems highly likely this zone going to break tooOrder cancelled
Trade canceled and some potential demand zone to look out for.
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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.