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GBPAUD I Potential short from supply zoneWelcome back! Let me know your thoughts in the comments! **GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
24
SPX 4hr Watch for bottom around 3880-3850Price is attempting a retest of the white 2022 trend line. There’s a confluence of the trend line, the green parallel channel, and price level 3880. 3880 is a level I’m watching due to similarities between now and 2011 which turned out to be a fake crash year. That idea is linked as a related idea below. The confluence occurs on Friday of this coming week. 3850 is the point of control of the recent range where many relieved shorts will be looking to get out at break even. The confluence and this range constitute strong support but a weekly close below them would be a pretty bad look.
SP:SPXLong
by Skipper86
1