Gbp/Aud Weekly Buy Opportunity 125 Pips

From a Multi timeframe analysis we clearly see from weekly to daily timeframe structure is now shifting to upside which is align alsi with the H4 timeframe

H4 Timeframe

---> We clearly see price respecting the golden fib level of 50% also price is above the ema indicating we are in an uptrend

H1 Timeframe

--->we could see price retrace to about 1.81300 level to collect liquidity and we need to see price action above 1.81500 level to continuation upside

Risk parament

the setup gives us a nice risk to reward of 1:4

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Kommentar:

we need to wait for more clear confirmation before entrying

Trade ist aktiv:

nice confirmation from the rejection and engulfing bar