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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

Please like and comment below as you see fit. I am trying to build my reputation on tradingview and it would be greatly appreciated if you show love if you received value.

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.

from TradingView Ideas
via gqrds

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