GBPAUD is in a strong uptrend, breaking through key resistance levels and trading above the 200 EMA, confirming bullish momentum. The price is currently extended but may retest a key demand zone before continuing higher.
Trade Setup:
🔹 Entry: Look for a pullback into the 2.0250 - 2.0300 demand zone.
🔹 Stop Loss: Below 2.0200, under the recent structure for safety.
🔹 Target: A potential push towards 2.0800 - 2.1000, the next major resistance area.
📈 Watch for: Bullish rejection wicks, engulfing patterns, or confirmation from lower timeframes before entering long.
🔔 Bullish trend remains intact! Manage risk and trade accordingly. 🚀
#GBPAUD #Forex #Trading #PriceAction #TechnicalAnalysis
Trade Setup:
🔹 Entry: Look for a pullback into the 2.0250 - 2.0300 demand zone.
🔹 Stop Loss: Below 2.0200, under the recent structure for safety.
🔹 Target: A potential push towards 2.0800 - 2.1000, the next major resistance area.
📈 Watch for: Bullish rejection wicks, engulfing patterns, or confirmation from lower timeframes before entering long.
🔔 Bullish trend remains intact! Manage risk and trade accordingly. 🚀
#GBPAUD #Forex #Trading #PriceAction #TechnicalAnalysis
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.
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.