GBPAUD back in play for the short to fill the HTF gap.
Glossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
***********
After tapping into the previous swing high and a strong impulsive move to the downside, price formed
two smaller consolidations before starting to form a larger bear-flag.
Waiting for a retest of the small Liq.P, finishing the bear-flag and a push down to the VA to fill the HTF Gap.
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
***********
After tapping into the previous swing high and a strong impulsive move to the downside, price formed
two smaller consolidations before starting to form a larger bear-flag.
Waiting for a retest of the small Liq.P, finishing the bear-flag and a push down to the VA to fill the HTF Gap.
