GBPAUD SHORT
GBPAUD - SHORT
What are we expecting?
- GBP Weakness = GBPAUD Short Trades.
What is our confirmation?
- 5th leg is in place.
- The DAILY TF is bearish, as this push up is a deep retracement into the 0.66% fib levels.
- WFB in place.
Where shall we enter?
- We can enter a safe position once Risk Trendline structure level has been broken as this will confirm that this is the 5th leg.
- Once WFB is broken expect some form of correction, enter on the break of correction.
Once entered where will our SL BE?
- SL will be above blue structure zone for safe SL
Targets?
- Imbalance/FVG needs to be filled.
What are we expecting?
- GBP Weakness = GBPAUD Short Trades.
What is our confirmation?
- 5th leg is in place.
- The DAILY TF is bearish, as this push up is a deep retracement into the 0.66% fib levels.
- WFB in place.
Where shall we enter?
- We can enter a safe position once Risk Trendline structure level has been broken as this will confirm that this is the 5th leg.
- Once WFB is broken expect some form of correction, enter on the break of correction.
Once entered where will our SL BE?
- SL will be above blue structure zone for safe SL
Targets?
- Imbalance/FVG needs to be filled.
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.
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.