GBPAUD reaching sell zone
Market did not retrace so I did not get a chance to go long on this pair.
Seems like market is crawling towards the 1.272 fib level and it is a previous sell zone also.
I will look for a quick short there but I will not hold if for long as I believe the market can still go towards the 1.618 fib level. It is safer to short there as there is another sell zone right on top of the 1.618 fib level.
The two short entries on the chart are not my exact entries as I only enter after I have further confirmation but these are just for your reference only.
Seems like market is crawling towards the 1.272 fib level and it is a previous sell zone also.
I will look for a quick short there but I will not hold if for long as I believe the market can still go towards the 1.618 fib level. It is safer to short there as there is another sell zone right on top of the 1.618 fib level.
The two short entries on the chart are not my exact entries as I only enter after I have further confirmation but these are just for your reference only.
Related publications
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.