GBPAUD Bullish structure with a FVG point!

Aug 14, 2023

On GBP/AUD, we have a bullish setup with the price at the level of 1.9546 at the time of writing this analysis. During the ascent, the market left behind a significant area of inefficiency, a zone that will need to be filled one way or another. Therefore, I anticipate a price retracement to the level of 1.9456, which is a descent of over 80 pips from its current position. In that area, we have a Hidden Bullish Divergence on the H1 timeframe, a zone where a price reversal could occur. However, a double confirmation on the M15 timeframe would be necessary before considering a long entry with a target at the level of 1.9620. Let me know your thoughts, comment, and leave a like to support our work. Happy trading to all.