GBPAUD Entered buys on GBPAUD
Reason buy:
1) catch trade towards supply zone above
2) price broke out of supply zone below and retested
3) 1H timeframe created a spinning top on the retested red zone
4) Price created a higher high and came back to retest on 15 min timeframe
5) 15 min created a hammer candle
Trade closed: target reached
Price reached TP for a 1:1.5 risk to reward trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.