GBPAUD move lower to mid point of trend
Updated
Macro trendline is bullish.
Alert placed around 1.99 for a short to 1.97 (200pips).
Id like to see a internal liquidity sweep inside the 4H FVG and well inside the premium zone.
Target would be 50% fib level and weekly support at 1.97. A break of this zone could see a deeper move to grab Liquidity at 1.95.
News this week will determine the size of the move..
GBP news
- unemployment rate
- PPI
- inflation rate
- interest rate decision
- retail sales (less important)
This is an idea only, do your own research.
Happy trading
Alert placed around 1.99 for a short to 1.97 (200pips).
Id like to see a internal liquidity sweep inside the 4H FVG and well inside the premium zone.
Target would be 50% fib level and weekly support at 1.97. A break of this zone could see a deeper move to grab Liquidity at 1.95.
News this week will determine the size of the move..
GBP news
- unemployment rate
- PPI
- inflation rate
- interest rate decision
- retail sales (less important)
This is an idea only, do your own research.
Happy trading
Trade closed: stop reached
trade was invalidated Wednesday with the break of the highs. Another setup waiting for an entry.
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.