GBPAUD - BUY IDEA
Updated
4h structure is bullish.
Price is being corrective for a while and created some equal lows (liquidity) that were taken. Price just reacted inside an area of daily / 4h imbalance, showing good intention to the upside. Expecting a pullback on lower timeframes now to look for a buying opportunity.
Price is being corrective for a while and created some equal lows (liquidity) that were taken. Price just reacted inside an area of daily / 4h imbalance, showing good intention to the upside. Expecting a pullback on lower timeframes now to look for a buying opportunity.
Trade active
Trade Taken.
Price just created an 1h imbalance that I used to place my limit order. Stop loss below the last low created, targetting those equal highs above (liquidity).
Let's see how price flows.
Note
Trade closed manually
Since I don't leave trades open over the weekend and there were less than 2 hours until the market closed, I secured almost 2% in this trade.
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.