Hello traders, here is why I believe GBPAUD is due for longs;
Monthly
Weekly
Daily
4 hour
Monthly
- There is a bullish setup and the next major region on the timeframe is 1.9835
Weekly
- Nothing worth noting
Daily
- Bullish setup formed in the last 2 days
4 hour
- There is a bullish setup since there are so many levels of liquidity that have been broken.
- My thesis is that price will retest 1.9627 before going upwards.
- This is because that is the region where most orders have been picked up and there is a lot of liquidity.
Trade closed: target reached
Price did not even retrace. It went straight to my targets
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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.