As it has been for the past weeks, GBPAUD has been chasing sellside liquidities from daily to 4hr zones. I think the chase will continue for another weeks or so after the WSSL Zone area i shaded. I will be bearish until that weekly Sell SIDE Liquiditiy zone has been taken!
After the BOS by price on GBPCHF, I think price is doing a retracement to the point that caused the BOS to fill the small gap for a downtrend continuation to the demand zone marked for exit!!
As I watch this beautiful set up forming, I think next week this might play out nicely as a draw it on the chart. My thinking is that I think price will go at the BSL for a clean sweep, and test the unmitigated fresh supply @ 0.67458 area for a nice downtrend towards the SSL area.
AS we all know that GJ has been bullish for months now. This small analysis is temporary bearish based on the CHOCH presented on that 2 hours TF. In order to get in that trade personally, i would want to see clear confirmation on that POI area marked to make sure that the bearish trend will continue for longer period of time. PROCEED WITH CAUTIOUS ON THIS ONE :))
After carefully watching what EU did this week, I believe this pair will be bearish this week after breaking that major structure on the 4hr TF. I'm expecting a retest of that POI on the chart at 70% retracement for a temporary down turn to fill that weekly FVG at the bottom to possibly a continuation of the previous bullish movement.