GBPAUD potential retracement buy
After a higher timeframe demand failed, price fell with huge momentum and thus leaving behind a huge imbalance. It quickly lost bearish momentum and and gained bullish momentum instead, breaking structure to the upside which could be a first sign of a retracement up before the expansion down. Price has formed liquidity to take above an establish demand zone it could use to fuel its retracement. The target for potential profit is based on the 4h imbalance.
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