Pound Down Under: Will the FVG Hold or Flip? - GBPAUD

Zaktualizowano
The GBPAUD chart showcases intriguing price action with a potential bearish setup. Following the raid on higher time frame (HTF) buyside liquidity (weekly), price has displaced lower, signaling a short-term bearish bias.

On the daily timeframe, price has formed a high-probability FVG after raiding a short-term low. This FVG becomes a key level to watch:

-Scenario 1: If price respects the FVG, expect continuation to the downside, targeting sell-side liquidity levels at 1.98994 and 1.97929.

-Scenario 2: If the FVG is disrespected and used as an Inverse Fair Value Gap (IFVG), anticipate a bullish reversal, potentially pushing price higher.

Conclusion:
Short-term bearish bias targeting sell-side liquidity zones.
Monitor the FVG closely for confirmation or invalidation.

DYOR!
Zlecenie zamknięto ręcznie
closed trade, can see price respecting HTF FVG
Chart PatternsFundamental AnalysisGBPAUDgbpusd_forecastpoundTrend Analysis

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