GBPAUD ___ BEARISH MOVE TRADE IDEA
Hello Traders,
GBPAUD recently trade into a strong monthly supply zone and since then has printed a bearish price structure. What I would like to see is if the price trade back up to any of my daily supply order blocks, during which I will be monitoring to see if there will be a 1-hour CHOCH to take a short.
What you should notice is that we have a daily sell-side liquidity to be swept which is just above the daily demand order block.
It will be nice to see price rally before going to hunt this sell-side liquidity so I will be able to take a short trade to target that level.
Follow me for more market breakdowns.
Cheers,
Jabari
GBPAUD recently trade into a strong monthly supply zone and since then has printed a bearish price structure. What I would like to see is if the price trade back up to any of my daily supply order blocks, during which I will be monitoring to see if there will be a 1-hour CHOCH to take a short.
What you should notice is that we have a daily sell-side liquidity to be swept which is just above the daily demand order block.
It will be nice to see price rally before going to hunt this sell-side liquidity so I will be able to take a short trade to target that level.
Follow me for more market breakdowns.
Cheers,
Jabari
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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.