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Thursday, August 12, 2021

GBPAUD Sell Bias

GBPAUD Sell Bias

GBPAUD has presented the same setup from yesterday after a retest was made yesterday. We want price to return to the demand zone , reverse then target the supply zone .

Entry Criteria:
Entry 50% of consolidation or at the bottom of the zone for a return to the demand zone .
Overall trend is bearish and sellers are holding structure.

We want to see price break through this imbalance and head toward the demand area between 1.87875 and 1.87725

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I trade basic supply and demand in combination with price action, quarters theory and psychological levels in the markets. If you have any questions, please let me know.
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