I usually do not trade a zone like this because it is countering the trend. but, on GBPAUD there is nice 4H DZ. what makes this zone attractive is it is almost tested by the wick 4 times but they can't penetrate deeper. and the big picture is showing us that there is possibility to continue higher. because we are countering the trend we want to give price more room to breath. even though the actual zone is only 70 pips wide, we want to consider the pivot.
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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.