GBP/AUD - 1H Analysis & Trade Plan
📊 GBP/AUD - 1H Analysis & Trade Plan
🔹 Market Structure:
✅ Break of Structure (BOS) confirms trend continuation.
✅ Change of Character (ChoCH) signals potential reversals.
✅ Fair Value Gaps (FVG) highlight imbalance zones.
🔹 Key Levels:
✅ Resistance Zones:
• 1.98820 - 1.98891 (Major resistance)
• 1.98623 - 1.98553 (Lower resistance zone)
• 1.98375 - 1.98397 (Current reaction zone)
✅ Fibonacci Retracement Levels:
• 0.382 (1.9819), 0.5 (1.9812), 0.618 (1.9806), 0.705 (1.9800), 0.786 (1.9796)
📌 Trade Idea:
🔹 Bearish bias remains valid if price rejects from 1.98375 - 1.98397 zone.
🔹 A break above 1.98547 may lead to further bullish momentum.
🔹 Potential downside targets: 1.97803 - 1.97700 region.
#FXFOREVER #GBPAUD #ForexAnalysis #SmartMoney #LiquidityHunt #BOS #FVG #PriceAction
🔹 Market Structure:
✅ Break of Structure (BOS) confirms trend continuation.
✅ Change of Character (ChoCH) signals potential reversals.
✅ Fair Value Gaps (FVG) highlight imbalance zones.
🔹 Key Levels:
✅ Resistance Zones:
• 1.98820 - 1.98891 (Major resistance)
• 1.98623 - 1.98553 (Lower resistance zone)
• 1.98375 - 1.98397 (Current reaction zone)
✅ Fibonacci Retracement Levels:
• 0.382 (1.9819), 0.5 (1.9812), 0.618 (1.9806), 0.705 (1.9800), 0.786 (1.9796)
📌 Trade Idea:
🔹 Bearish bias remains valid if price rejects from 1.98375 - 1.98397 zone.
🔹 A break above 1.98547 may lead to further bullish momentum.
🔹 Potential downside targets: 1.97803 - 1.97700 region.
#FXFOREVER #GBPAUD #ForexAnalysis #SmartMoney #LiquidityHunt #BOS #FVG #PriceAction
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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.
fxforever
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.