GBP/AUD Technical Analysis – 4H Chart
Key Levels & Market Structure
- Resistance Area: Price rejected from 2.06361, confirming strong selling pressure.
- Demand Zone: Located around 2.02897, where buyers may step in for a potential reversal.
Potential Trade Setup
- If price respects the demand zone, a bounce towards resistance is likely.
- A break below the demand zone could trigger further downside, targeting 1.97634.
Market Outlook
- Bullish Scenario: Buyers defend demand zone, pushing price back towards 2.06361.
- Bearish Scenario: Failure to hold demand could lead to a deeper correction.
Traders should monitor price action near the demand zone for confirmation of direction. 🚀
If you enjoy, press the like button.
Key Levels & Market Structure
- Resistance Area: Price rejected from 2.06361, confirming strong selling pressure.
- Demand Zone: Located around 2.02897, where buyers may step in for a potential reversal.
Potential Trade Setup
- If price respects the demand zone, a bounce towards resistance is likely.
- A break below the demand zone could trigger further downside, targeting 1.97634.
Market Outlook
- Bullish Scenario: Buyers defend demand zone, pushing price back towards 2.06361.
- Bearish Scenario: Failure to hold demand could lead to a deeper correction.
Traders should monitor price action near the demand zone for confirmation of direction. 🚀
If you enjoy, press the like button.
Trade active
Trade closed: target reached
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Related publications
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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.