GBPAUD Outlook

It invalidated my level, and moved in an opposite direction no more considering selling, I will buy when price drops to a discount level

I didn't even get the move, but all the same it's retracing now and the box is my reaction level for buys below 1.91823 is invalidation for the buy

Price has gone too far already, I think before price retraces, it will have to take out the external high

No I will consider buys until there is an invalidation at the level I marked

That's the external high I'm talking about

The retracement is even with great momentum, what's even going on 🥲😂

Okay then

Let's allow price play out well so we'll know if it's on our favor or not

No the external high mustn't be taken price has already made a change in state of delivery @ 1.92921

What is change in state of delivery?

I don't seem to understand that concept

What is going on is the change of market direction, from a pre-sell bias to a buy resumption

Its Just to check the reaction at the rectangle box level, and also the invalidation level too

It's an advanced concept it occurs before a change of character

Okay

Something like market structure shift right?

It occurs before a market structure shift

I was seriously distracted I didn't enter the trade but my levels are still marked out

Okay. I'll be expecting this pattern to play out in GBPAUD

Gbpaud gained strength due to market pricing to a stronger than expected UK GDP, expecting more buys to the upside although it's actually accumulating right now, wil wait for a sweep, then watch out for the original move, the liquidity is below the low @1.92470, so a sweep below the zone and then a break above it give me more confirmation of a bullish move

If price breaks above that high marked out, it will continue the buys

Price is still Resilient to give my confirmation, just staying flat on that pair for now, no sweep yet, no break, it hasn't given any validation

Price is still Resilient to give my confirmation, just staying flat on that pair for now, no sweep yet, no break, it hasn't given any validation