Gbp/Aud Weekly Buy Opportunity 125 Pips
Updated
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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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
Follow me for Updates on my trades setups!!
Comment
we need to wait for more clear confirmation before entryingTrade active
nice confirmation from the rejection and engulfing bar
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