GBPAUD - Institutional Buy

GBPAUD

Trade Idea - 💡

On the 4h, a distribution schematic began to form in the 4hr BTS POI which was targetted for the original buys.

Over the course of the schematic played out until Friday until price rallied to create a new high, this was the first confirmation that we may be seeing a reaccumulation which would tally well with the higher timeframe bias of an accumulation schematic.

An entry off of the open to the next 4h BTS would fulfil to 50% retracement of the daily range accumulation as well as confirm external bullish structure on the 4h timeframe

Let me know your thoughts?

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