Ok, It's China imposing 34% tariffs on USA. That's the reason for this fall. China is one of Australia's biggest trading partners, if not the biggest.
British Pound / Australian Dollar forum
GBPAUD It seems on track to 2.2 at this rate!
GBPAUD Considering to short this one
GBPAUD It is bearish I would say of selling from the current 2.1100 level with target and goal of 2.0760.I think about it what you think about it.?
GBPAUD if we get a solid breakout above this liquidity level ill probably take another long entry targeting historical swing high 2.09790 with this kind of momentum
GBPAUD Just an observation for the short term.Overall, the current trend is still down.
A minority group of traders with limited transactions being made aren't that significant.
It could also be false demand by institutions manipulating the market, so they could get more AUD at discounted prices, to sell in the near future.
There's many explanations for why the transactions dwindled while the candlestick shot up.
2305SGT 03042025
Just my observation.
... 2325SGT
Possibility is that price could be consolidating also, less buying and selling activities, so, price stabilised into a small range of price level.
2325SGT 03042025
GBPAUD 15 Minute Time Frame look, of what I mentioned in the previous entry.How I would look at things on the 15 Minutes.
When possible, I would want to enter on the 15 Minutes Time Frame, instead of the 1H and 4H because the time I spend on simmering in stress is lesser.
1215SGT
03042025
I am not trading this, for now.
GBPAUD Add : Might consider Sell Limit but I do not like the stress of not knowing if my order got triggered or not, and if it did get triggered, did the SL get wiped or not.
1208SGT 03042025
Soaring prices as seen in this current move(up trend in channel).
Price chopping the Major Resistance area, and current candle bullish, but volume is dropping.
Volume = transacted amount
candlestick = demand and supply available.
Now is Japan open, I learned that japanese are contrarians from Kei.
I do think so, too, price is also in overbought situation in stoch 20,1,1.
I am expecting prices to drop back into the range, but nothing is confirmed.
I am going with the flow thinking that, since the previous traders are comfortable with this major price range on the higher time frame, it would likely continue.
Until it stops ranging and breaks out, otherwise this range still holds.
If I enter now, I would have to account for london open's opening volatility, which I do not want.
The spike could easily trigger my SL if they wish to.
I might be entering but I am also going to work in an hour or so.
So, if I am going to miss it, I will have this record here for my personal reference in the future.
1206SGT
03042025
GBPAUD just shorted....SGA @ 2.0808
multiple confluence + confirmation
test n see 🙈
GBPAUD shorting this . retesting strong support if she breaks we should be clear