GBPAUD Weekly S/R| Swing High| Price Action| Trend
Evening Traders,
Today’s analysis – GBPAUD – trading above its weekly s/r where a deviation to swing high is probable,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
- Swing High objective
- Low Volume
GBPAUD’s immediate price action is impulsive, trading above its weekly s/r where a bullish retest allows for a long bias.
The immediate objective is the swing high, taking this level out will test upper liquidity regions.
The current volume profile is on a decline, an influx is highly imminent when testing key trading locations.
Overall, in my opinion,
GBPAUD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.”
― Yvan Byeajee,
Today’s analysis – GBPAUD – trading above its weekly s/r where a deviation to swing high is probable,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
- Swing High objective
- Low Volume
GBPAUD’s immediate price action is impulsive, trading above its weekly s/r where a bullish retest allows for a long bias.
The immediate objective is the swing high, taking this level out will test upper liquidity regions.
The current volume profile is on a decline, an influx is highly imminent when testing key trading locations.
Overall, in my opinion,
GBPAUD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.”
― Yvan Byeajee,