GBP/AUD WEEKPLAN: Best Sell Zone Short StoplossFootprint Analysis OANDA:GBPAUD
Previous Trend: The candles before the 18th showed an uptrend. Specifically, the candle on the 17th had a strong positive Delta (+5.24K), with the buy volume (green) dominating the sell volume (red) at most price levels. This confirms that buyers were in control and pushed the price up.
Order Flow Shift: Starting with the candle on the 18th, there was a clear change. This candle had a negative Delta (-1.55K), indicating that selling pressure had started to take over again. Although the total volume remained high, the Delta shows that selling pressure was strengthening.
Current Trend (19th): The most recent candle has a positive Delta (+2.07K). This is very important. It shows that after a day of strong selling pressure, buyers have returned. The large buy volume (green) at lower price levels compared to the recent high indicates that buyers are "accumulating" at a lower price. This is a sign that a recovery may be underway.
In summary of the Footprint: The Footprint data confirms a short-term correction (due to the negative Delta), but the return of a positive Delta shows that buying pressure has returned. This aligns with a scenario where the price retraces to a strong support zone before continuing the uptrend.
OANDA:GBPAUD SMC Plan Analysis
Market Structure Analysis
Change of Character (M-ChoCH): The price changed its structure from bearish to bullish by breaking the most recent high, marked as "M-ChoCH".
Break of Structure (BOS): After the ChoCH, the price continued to rise and broke a higher high, creating a new "BOS," which confirms that the uptrend is still strong.
Current Trend: The price has created a new high and is in a corrective phase, retracing to a strong support zone.
Identification of Key Zones
Support/Buy Zone:
Location: The price range is from ~2.0420 to ~2.0440.
Significance: This is the most important Order Block (OB) zone. It was formed right after the BOS and shows signs of buying pressure returning (confirmed by the recent positive Delta on the Footprint). This is the highest-potential area to consider for a long entry.
Resistance/Sell Zone:
Location: There are two main zones. The first is the recent price range of ~2.0480 to ~2.0500. The second is located at a higher peak, around ~2.0650 to ~2.0690.
Significance: The first zone is where the price might have a minor reaction and continue to correct toward the BUY ZONE. The second zone is the target for a long trade, where potential sell orders are placed.
Detailed Trading Plan
Primary Scenario (Long Trade):
Entry: Wait for the price to pull back to the BUY ZONE (~2.0420 - 2.0440).
Reasoning: This is a strong Order Block zone where the price has already shown signs of a buy reaction (confirmed by the positive Delta on the Footprint).
Take Profit:
TP1: The nearest high (~2.0550).
TP2: The higher SELL ZONE (~2.0650 - 2.0690).
Stop Loss: Place it below the nearest low (below the BUY ZONE), around ~2.0390, for risk management.
Secondary Scenario (Short-Term Short Trade):
Strategy: A short-term trade, against the main trend.
Entry: Consider a short-term sell trade if the price reacts to the lower SELL ZONE (~2.0480 - 2.0500).
Reasoning: This zone could act as temporary resistance, pushing the price down to fill the BUY ZONE.
Take Profit: The BUY ZONE (~2.0420).
Stop Loss: Place it above the SELL ZONE, around ~2.0520.
Conclusion:
The combination of SMC and Footprint analysis shows that GBPAUD is in a strong uptrend, and the current downward phase is a healthy correction. The Footprint has confirmed the return of buying pressure, which reinforces the primary trading plan to wait for a buy entry at the strong Order Block zone.
Short