GBPAUD - Bullish Shark at 1.7440
After the big shark completed back in Oct, GBPAUD has fallen around 1000 pips. (See related ideas)
Right now, it seems to be forming a bullish shark.
At the PRZ zone of the bullish shark, look left and you can see some nice daily structure support too.
When price reacts near the PRZ, we could be looking at a high probability long trade.
PRZ 1.7440
SL 1.6870
TP1 1.8085
TP2 1.8580
Ideally, we want to see exponential volume when price reaches near the PRZ zone to confirm that big buyers might have entered the market.
Do not use pending orders and keep your risk per trade within 2%.
Right now, it seems to be forming a bullish shark.
At the PRZ zone of the bullish shark, look left and you can see some nice daily structure support too.
When price reacts near the PRZ, we could be looking at a high probability long trade.
PRZ 1.7440
SL 1.6870
TP1 1.8085
TP2 1.8580
Ideally, we want to see exponential volume when price reaches near the PRZ zone to confirm that big buyers might have entered the market.
Do not use pending orders and keep your risk per trade within 2%.
