GBPAUD Outlook

GBPAUD- I'll love to see a break below the 4hr trend support and a further break below 1.9234 H- support before i consider short opportunities.

Winner

I'm neutral on GBPAUD at the moment, until price invalidates this ascending triangle either to the upside or downside,

Today is just messy. Market is just resuming for the week so till tomorrow 😂

After closing price started it's fall but it was good I didn't close in a loss

Price wicked my first sell level on gbpaud and sold downward later reversed again back to my entry at 1.93197, and I had to close, so to confirm a bearish move from a lower high to a lower low before selling again GBPAUD must trade below 1.92554 level

The market has its own system, it reversed against me thinking it was heading to my tp I had to close out in little profit

Waiting for both structure breaks reduces the risk of a false breakdown. also watch for a clean retest below 1.9234, as that would give stronger confirmation for bearish continuation.

GBPAUD-Scenario 1-

Price has formed a Lowertimeframe bearish channel. This can prove to be a bullish flag pattern for buy continuations if the upper boundaries of the channel get's invalidated, after a rebound at that 1.9230 LTF support region, but i would'nt bank on it, because of the HTF bias.

GBPAUD- Scenerio 2-

At the same time, there's still the classical pattern right shoulder yet to form on 30mins, which can drive price for a downside break below the LTF support region, to fully confirm the bearish bias on the LTF.

I'll wait for either scenario 1 or 2 to happen, before my bias on GBPAUD can be confirmed. I'm still neutral for now.

Clean trendline retest on GBPAUD. Let's see if the bearish force produces a downside break below the next minor support region.

It's better to close in little profit than losses

Profit secured sharp

Price has successfully taken out the 1.92554 level, waiting for the reaction at 1hr timeframe to short it

Gbpaud has broken that support level just waiting for it to give a good reaction so I can sell

GBPAUD- It broke the fractal Low on LTF. The Minor Low on 1hr, is still intact. The sells are good, if your'e scalping it. This is an NTZ for me (non-tradable zone) and only good for scalps.

What I know is that no profit is too small because if you don't take the small , then your small will be taken from you and you will now understand that your small was an additional unit to your capital

I forgot to check GBPAUD I had an entry reason for this pair., one missed trade doesn't count, I will look for a more perfect entry at the new 1hr order block

GBPAUD- Price finally broke the 1hr Low. The sells was really aggresive. Did you later get an entry?

Price is reacting from a demand zone on our buy range, so i'll be expecting some buys.

I don't know if price is interested in sweeping it as liquidity