GBPAUD - TRADE SET UP, BEFORE

Traders, i'm looking at BUYS here. This pair is coming off the highs posted 17/8/23(1.9970). After consolidating for five days(17/8-22/8), price retreated to the 78% Fibonacci level at 1.9585(calculated from the low posted on 15/8).
I have price boxed in between 1.9689 and 1.9586.
If price breaks below i'm taking SELLS with CONFIRMATION to the lower demand area at 1.9495.
If price breaks to the high i'm taking BUYS to the first SUPPLY areas at 1.9830 and watching(TP1) and TP2 targeting LIQUIDITY at the highs of this pair.
Go with the flow. Let the market tell you where it wants to go. Read the price action and smash it today!
Happy trading:)

Zlecenie aktywne:

Entered BUY 0.25 1.95943 (not great entry - FOMO)
Entered BUY 0.75 1.95865
Entered BUY 0.50 1.95845
Stops below 1.9570