GBPAUD short coming up
Updated
Looking at GBPAUD today it seems we're heading into a nice potential PRZ.
We have a 4h LH, previous 1h rejection candle, previous supply zone and an overall bias to the downside given that 4h and 1h are currently bearish.
If we get a nice rejection from the PRZ and can confirm with a CHoCH (and therefore re-alignment) on 15m, I'll be looking to short.
We have a 4h LH, previous 1h rejection candle, previous supply zone and an overall bias to the downside given that 4h and 1h are currently bearish.
If we get a nice rejection from the PRZ and can confirm with a CHoCH (and therefore re-alignment) on 15m, I'll be looking to short.
Order cancelled
Well price just closed 1.4 pips above our previous high on the 1h, invalidating this trade.
Maybe it will still play out, but because it violated the previous high (even by a tiny amount) I won't be taking this one.
Trade safe!
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