From an intraday perspective what we can see is that this pair moved lower towards the beginning of the week creating the low on the Tuesday as marked. The pair has regained its losses and moved back towards its weekly opening price. The zone above the price has acted as a resistance however has been tapped into many times which would weaken it by the lesser...
What we can see is the market has moved to the upside for this week and we will be looking at continuing our bullish trend. We have 2 buy zones, the higher being higher risk and based off the structure zone acting as a broken resistance. The lower zone has a true demand zone within it and a void that would be filled before the continuation to the upside. Watch...
As we open the week following the bearish weekly last week, we can see we are nearing the red supply zone. The purple line there indicated a imbalance from the weekly TF. Today being Monday i can expect the price to be moving in the opposite direction that it intends to from the rest of the week. If the red zone rejects, we can see ourselves pushing all the way...
Price has opened for the week and started moving down. Where the price currently is trading is within a smaller TF OB where the price has filled the void created by the massive bullish candle, is trading in a HVA (high volume area), and could be the draw of liquidity prior to the London open before moving back to the upside.
Looking at this pair on the weekly TF we can see the purple zone i have marked is a weekly demand zone hence why the price is slowing down within it. Now we can also see the shift in structure that has happened shown by the downtrend that has shifted. The price has started to create sets of higher lows and where we are currently trading in is a 4h OB which can...
GBPAUD was trading within a channel that it recently broke out of and now retracing back down. As we can see on the way down we broke a key order block which can now become a breaker block (resistance) as the price just tapped back into it. Right below we can see we have another key OB which the price can move down into. If we break back into the breaker block we...
As the price moves back to the upside following yesterdays huge impulsive move down, we area nearing an Order Block which can act as an area of resistance. This will also fill the imbalance in the price that was created. Keep a close eye for what will come in the London session
GBPAUD has moved to the upside to fill all the imbalance created by the price by the impulsive move down. We now meet a key area of resistance with ema clusters as another confluence. we vcan see a potential drop in the price for todays London session.