GBPAUD Outlook

Price even went a bit lower

whatever happens, if price goes below that 1.92480 level it will just continue it's bearish narrative

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 rejecting, from the 1hr timeframe I will buy

Yes can enter the buys with your stops below that low

That trade is very risky I bought base on rejection from 1hrs timeframe, because the fvg after the double bottom formation has been filled and price is rejecting to push upwards, but the probability of winning is just 15% because of the timeframe, the double bottom and no liquidity sweep

That trade is very risky I bought base on rejection from 1hrs timeframe, because the fvg after the double bottom formation has been filled and price is rejecting to push upwards, but the probability of winning is just 15% because of the timeframe, the double bottom and no liquidity sweep

As long as price hasn't gone below that key level, it still has bullish intent

It took out my SL , that red circle was where my SL was but not bad it was 1600 naira

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

GBPAUD- On the Daily, there's still enough room for the Sells to continue throughout the month. but the internal framework is beginning to build a bullish bias. let's just see how it goes.

GBPAUD- A break below 1.9225 flip zone, and I'll expect sells continuations.

But I'm also seeing this bullish possibility. Although to really have a strong confirmation for the buys, I'll love to see a solid double bottom at that price level, and an invalidation of the bearish trendline.

The lower Timeframes are setting up nicely for the buys at the region and that's a strong possibility for the buy continuations to resume from that price region.

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

So far it's something you are okay with losing, it's all good

Gbpaud missed out on that buys, the invalidation level @ 1.91950 is still intact, I will consider sells if that level is taken

GBPAUD- On the Daily, there's still enough room for the Sells to continue throughout the month. but the internal framework is beginning to build a bullish bias. let's just see how it goes.

how did this go? I'm having this setup on GBPAUD although the buys are low probability for me at the moment. I hope next week gives something clearer.

Price is looking bearish here because it has swept liquidity and broken structure

The 4hr first strong push was actually a fake move on GBPAUD, looking at it AUD is currently strong, but I don't know how long that strength will last, dollar is weak against aud, EUR is also weak, even GBP too, but GBP is trying to be resilient, and that first move was price following the UK GDP data so now everything is calm AUD is pressuring GBP again