GBPAUD H4 Head & Shoulders
GBPAUD Long Set Up.
Price has Structure at support highlighted in the blue zone.
The golden zone is the neckline at which there is a chance for price to break if market moves as we anticipate.
If price breaks above the zone an entry can be taken at the intial break or after a retest to market structure.
Tend Line added for further confirmation if price breaks the trend line we can anticipate a move to the upside.
Fibonacci also drawn from a swing high to swing low highlights my trade set up area 50%-61.8%
Price has Structure at support highlighted in the blue zone.
The golden zone is the neckline at which there is a chance for price to break if market moves as we anticipate.
If price breaks above the zone an entry can be taken at the intial break or after a retest to market structure.
Tend Line added for further confirmation if price breaks the trend line we can anticipate a move to the upside.
Fibonacci also drawn from a swing high to swing low highlights my trade set up area 50%-61.8%
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.