Hey traders,
Quite risky but sweet buying opportunity on GBPAUD.
Trading in a bullish trend the pair retraced to a strong structure.
The underlined yellow demand zone matches perfectly with 618 retracement of the last bullish impulse.
After a formation of a double bottom formation on hourly time frame, I decided to buy the pair.
Initial target - 1.9173
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.