TRADE SET UP - GBPAUD
This pair was consolidating(range bound) for a week after posting high(1.9971) Thursday 17th August 2023.
Resistance was at 1.9930 and finally swept liquidity to the lows yesterday(Tuesday 22/8/23).
a break/retest of the "temporary" support level will see prices test lower supply areas.
Watch the price action.
Happy Trading
Good luck
Resistance was at 1.9930 and finally swept liquidity to the lows yesterday(Tuesday 22/8/23).
a break/retest of the "temporary" support level will see prices test lower supply areas.
Watch the price action.
Happy Trading
Good luck
I avoid trading 30-60 minutes before and after RFD news.
There was no chance of catching the sell as price crashed through the lower zone quickly. Wait for a strong Demand zone and watch for price action that signifies a change of trend to the upside. The $64 question is will GA test the high again or is this the beginning of a down move to the 1.95 level.