Unlock the Next Big Move: GBP/AUD Buy Setup You Can’t Miss
Currently, the price is at the weekly structure point and has shown a strong rejection from this zone. To prepare for a buy position, we should wait for a structural shift on the H4 timeframe, considering that the weekly trend is bullish, the daily trend is bearish, and the H4 trend is bullish. Once this alignment occurs, we'll wait for a pullback to the area of interest and then look for an entry signal to initiate the buy. It's crucial to consider where to take profits. The first target should be the next structure point on the daily chart. If this level is broken without much resistance, the final take-profit target will be the weekly high (HH).
Trade closed: target reached
Target reached 
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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.