Keep in mind day by day new data is printed which can change analysis bias but based on current data on most time frames it's giving a higher probability that price will continue to go higher.
It seems Like USDCHF is about to start getting out of the sideways range here soon, the month is about to end and a start of a new quarter in my opinion its about to start a uptrend soon within the first week of October.
This is my thought process on what price action on why GBPAUD can potentially be at the end of the bull trend on the daily time frame.
My point of view on the 4hr structure that gives me directional bias towards looking to short this pair next week, if the opportunity presents itself I will be looking to sell at a LH of the current structure.
Upcoming week projection, I am looking for GA to make a pullback it failed to stay above the protected low so now I changed bias and looking for shorts on the 4h time frame.
Going long on AU after another pullback lets see if we get tapped in before USD News.
Going Long on GA again it is still bullish on the 4hr and it liquidated lows multiple times already and liquidity is still sitting above on the 4hr time frame it has failed to go lower on the 4h time frame structure these buys should happen sooner than later.
Anticipating another pullback during Sydney session to balance price out it has aggressively pushed up this past few days leaving a lot of imbalances multiple time frames.
Executing a sell on USDJPY targeting the Higher Low from yesterday.
Another aggressive buy on GA the 4hr is still Bullish and Higher time frame liquidity is high so taking my chances on Buys still.
Market execution order looking for that push up to take out the equal highs still, price just took out yesterdays low I was expecting that pullback but not as deep but that just gives better opportunity for buys, we might be to early on this one we will see...But that's the cool thing about higher RR trades you can be more aggressive.
Buy Limit at 0.68155 I am still looking for buys the overall trend is bullish and created a imbalance of price during NY session so looking for price to fill that in, right now liquidity is being created on both sides on the 5min time frame, we will see how price looks before tomorrows NY session.
Going Long on GA seems like liquidity has been taken out I have the SL at 0.94350, targeting the equal highs at 0.95700.
Selling AU at price 0.68873 targeting the rebalance of price at 0.68400 and my SL at 0.68962 , all pairs against the USD have been very bullish so anticipating a balance of price. Nothing is certain its just based on probabilities this rebalance doesn't have to happen today but If there is a opportunity I take it with good risk management.
I have set a buy limit order based on the 1 minute time frame. This can be the last liquidity sweep based on how price has moved on the 30 min time frame I will look for another buy If I am right tomorrow should be a bullish day. This trade should tap me in soon and if price does not close above 1.94900 before or at 2pm est I will either be stopped out or will close trade.
News pushed price lower but structure still remains nothing tells me that we should go short yet.
Still Looking for that long opportunity, if price goes under the 4hr low I will no longer look for a long position.