GBPAUD Long trade idea

By FXKjell
Updated
4H chart:

Bears seam to be weak.

Corrective approach towards entry zone.

= Buy limit set.

1% risk.
Comment
Monthly chart:

Inverse head & shoulders pattern potentially in play.

Clear support & resistance zone is there .

We come from big selling zone. Keep in mind.

snapshot
Comment
Weekly chart:

Inverse head & shoulders pattern played out.

Now bullish impulse / break of last LH received.

Bullish M pattern can potentially form.

Clear support & resistance zone is there.

snapshot
Comment
Daily chart:

Bullish impulse / new HH received.

Bullish M pattern potentially there now, aligning perfectly with the Weekly bullish M pattern.

Clear support & resistance zone is there.

snapshot
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