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Gbpaudshort

GBPAUD – Range play for the week of 04 July, 2022Preceding trend – bearish Current price action – Ranging/Consolidation The range is well established and taking a short at its top would be in line with the major trend. A trend continuation leading to larger gains cannot be ruled out either. For an entry signal I will be looking at price action on H4 and H1 time frames. Extending the target will depend on how I see the strength and momentum with the bears. For now, I will be targeting the range bottom. If this setup works out as per above, we have the potential for a +3R trade. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
2