GBPAUD – Bullish Divergence Formed, Watching Key Resistance
🕐 Timeframe: 1H
📉 Signal: Bullish Divergence (Price forming LL, RSI forming HL)
📍 Status: Reversal setup forming, but strong resistance ahead
🧠 Trade Idea (Plan the Trade):
✅ Entry: Wait for confirmation candle or break and retest above resistance zone
🔁 Divergence Support: Momentum suggests buyer pressure building
📍 Key Zone to Watch:
Resistance at [Insert Price Level] must break for sustained bullish move
If rejected again, wait for a higher low retest or bullish flag
📏 Trade Plan:
Buy Stop: Above resistance breakout (wait for 1H close above)
SL: Below the divergence low (tight structure)
TP1: Minor resistance zone (~1:1)
TP2: Major fib level or last swing high (~1:2)
🛑 Note:
Strong resistance = no rush. Let the price show strength.
If breakout is weak, stay flat and wait for better confirmation.
Consider combining with volume or trendline break for added conviction.
🕐 Timeframe: 1H
📉 Signal: Bullish Divergence (Price forming LL, RSI forming HL)
📍 Status: Reversal setup forming, but strong resistance ahead
🧠 Trade Idea (Plan the Trade):
✅ Entry: Wait for confirmation candle or break and retest above resistance zone
🔁 Divergence Support: Momentum suggests buyer pressure building
📍 Key Zone to Watch:
Resistance at [Insert Price Level] must break for sustained bullish move
If rejected again, wait for a higher low retest or bullish flag
📏 Trade Plan:
Buy Stop: Above resistance breakout (wait for 1H close above)
SL: Below the divergence low (tight structure)
TP1: Minor resistance zone (~1:1)
TP2: Major fib level or last swing high (~1:2)
🛑 Note:
Strong resistance = no rush. Let the price show strength.
If breakout is weak, stay flat and wait for better confirmation.
Consider combining with volume or trendline break for added conviction.
Trade closed manually
BOOK THE LOSS OR BREAKEVEN... 
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.