Hello everyone!
I am sharing this possible next trend for the British Pound against the Australian Dollar.
We observe that there are many zones were liquidity has not been taken yet (at the bottom of
the wicks market with €), while many of them were hit (x). This is why institution are probable to point towards that liquidity pool
in order to gain from other retailers stop losses.
Analysis were performed on the smaller timeframes as well.
Personally I am aiming for at least 3 clear entries as I reported on the charts with a very little stop loss.
Since we do not have all the tools that big institution have I advise you not to jump as soon in the trade, but wait indeed for confirmations.
GBPAUD
I am sharing this possible next trend for the British Pound against the Australian Dollar.
We observe that there are many zones were liquidity has not been taken yet (at the bottom of
the wicks market with €), while many of them were hit (x). This is why institution are probable to point towards that liquidity pool
in order to gain from other retailers stop losses.
Analysis were performed on the smaller timeframes as well.
Personally I am aiming for at least 3 clear entries as I reported on the charts with a very little stop loss.
Since we do not have all the tools that big institution have I advise you not to jump as soon in the trade, but wait indeed for confirmations.
GBPAUD