Unlock the Next Big Move: GBP/AUD Buy Setup You Can’t Miss
Trend Analysys
Chart patern
2024-08-11T02:58:16+00:00
Trading Idea:
The price is currently at a weekly structure point, exhibiting a strong rejection from this zone. To position for a buy, await a structural shift on the H4 timeframe. The weekly trend is bullish, the daily trend is bearish, and the H4 trend is bullish. Upon alignment, monitor for a pullback to the area of interest and seek an entry signal to initiate the buy. Consider profit-taking levels; the first target should be the next structure point on the daily chart. If this level is surpassed with minimal resistance, the final take-profit target will be the weekly high (HH).
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