GBPAUD on its way DOWN to 1.8400? Weekly, Daily, 1hr (sell)
GA Thesis
- Weekly: Recent low was taken out changing weekly structure to bearish. I still think pound is still in recovery phase & could go as low as 1.8400 psychological level. Last week closed as a spinning top signalling indecision.
- Daily: GA market structure is very bearish with price breaking multiple lows. GA still looks like its still recovering so next target looks like it could be 1.8400 major level after daily candle broke below 1.8675 zone.
- 1hr: Previous daily lows was taken out after break below 4hr zone. Now waiting for retest of this zone before selling off to 1.8400 forming a new bearish leg.
Trade active
Trade closed: stop reached
Trade active
Re-entryTrade closed: stop reached
Serious Manipulation with GBP new this morning
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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.