Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
GBPAUD H1: +150/+300 pips Best Level to SHORT/HOLD (SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more losses
short-term and mid-term as well. SHORT/HOLD IT.
🔸 Summary and potential trade setup
::: GBPAUD H1/candle chart review
::: locked inside major trading range
::: recently rejected near range highs
::: 8080 heavy horizontal S/R BEARS
::: speculative range trade setup
::: SWING trade setup / higher risk
::: shorting near range highs makes sense
::: updated/revised outlook
::: setup still valid as of right now
::: BEARS likely taking over short-term
::: expecting short-term losses / backtests
::: NO VALID setups for bulls currenlty
::: right now most likely short-term weakness
::: so get ready for the pullback/correction
::: SHORT/HOLD rips/rallies TP 7740
::: best reload BEARS near market now
::: TP1 BEARS +150 pips TP2 BEARS +300 pips
::: Recommended strategy: SHORT/HOLD exit 7740
::: just load it up and get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: SUPPLY MARKET
::: DEMAND 7740
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK/9100
::: Sentiment outlook mid-term: RANGE/MIXED
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.