GBPAUD Long Analysis 26/01/2025
I paid attention to GBPAUD on a HTF, it looked a bit choppy before but now it looks good.
Price went down to a perfect 1D demand area and started moving up and created a CHOCH.
Now that there is a change of character, I would look for an entry at the breaker block sitting at the 0.382 fib level I drew out on a smaller timeframe. I would only take entry based on how price reacts on that area on a LTF such as the 1-5m TF.
TP would be at the supply area I drew at the HTF 0.382 level I used the 1D chart for. Price might continue going up to where imbalance remains but I'd look for the right re-entry if I look for another trade.
Price went down to a perfect 1D demand area and started moving up and created a CHOCH.
Now that there is a change of character, I would look for an entry at the breaker block sitting at the 0.382 fib level I drew out on a smaller timeframe. I would only take entry based on how price reacts on that area on a LTF such as the 1-5m TF.
TP would be at the supply area I drew at the HTF 0.382 level I used the 1D chart for. Price might continue going up to where imbalance remains but I'd look for the right re-entry if I look for another trade.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.