GBP/AUD, Long idea
I am seeing price has come down to a major support zone, price hasn't managed to break below that level since October last year.. this indicates for me that this is a strong value zone and price can easily reject this level and bounce to the upside.
On the H4 timeframe we can see price has rejected that zone more than 4 times and those have been strong wick rejections so there is chance of price pushing up and away from that support level, I have marked up an idea on what I think price will do and where I am looking to get in on this trade If it goes in my desired direction.
Thanks, trade safe
On the H4 timeframe we can see price has rejected that zone more than 4 times and those have been strong wick rejections so there is chance of price pushing up and away from that support level, I have marked up an idea on what I think price will do and where I am looking to get in on this trade If it goes in my desired direction.
Thanks, trade safe
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