GBPAUD Long trade idea

Jun 10

4H chart:

Bears seam to be weak.

Corrective approach towards entry zone.

= Buy limit set.

1% risk.

Jun 10

Note

Monthly chart:

Inverse head & shoulders pattern potentially in play.

Clear support & resistance zone is there .

We come from big selling zone. Keep in mind.

Jun 10

Note

Weekly chart:

Inverse head & shoulders pattern played out.

Now bullish impulse / break of last LH received.

Bullish M pattern can potentially form.

Clear support & resistance zone is there.

Jun 10

Note

Daily chart:

Bullish impulse / new HH received.

Bullish M pattern potentially there now, aligning perfectly with the Weekly bullish M pattern.

Clear support & resistance zone is there.

Jun 11

Order cancelled

Cancelled. Went without me.