GBP/AUD: Higher Low in this market structure explained
Great Britain Pound/Australian Dollar make a downtrend market structure in H4 timeframe with chance to short GBP/AUD in this trade
For that, I will show you one of the Forex secret strategy to take in note, because into this consolidation in H4 timeframe. I see that the price make Higher Low in this structure, and also for reference the EMA 200 it's a good driven to hope a best place to look, becuase as the price it's make resistance in the EMA 200 descending the price, I see a possible opportunity to short GBP/AUD.
Meanwhile, in Daily timeframe we see that the price look descending in the price action analysis. We see that we could to look a good short position
So guys, i will place a sell order limit to $1.7683 AUD and SL to $1.7760 AUD (76 pips) and take profit at $1.7347 AUD (337 pips). Also to take in note, the UK news bring us bad expectative to short GBP about the fundamental analysis hand to hand with the technical analysis here in Sterling Pound
I hope that this idea support you
Good luck!!!
For that, I will show you one of the Forex secret strategy to take in note, because into this consolidation in H4 timeframe. I see that the price make Higher Low in this structure, and also for reference the EMA 200 it's a good driven to hope a best place to look, becuase as the price it's make resistance in the EMA 200 descending the price, I see a possible opportunity to short GBP/AUD.
Meanwhile, in Daily timeframe we see that the price look descending in the price action analysis. We see that we could to look a good short position
So guys, i will place a sell order limit to $1.7683 AUD and SL to $1.7760 AUD (76 pips) and take profit at $1.7347 AUD (337 pips). Also to take in note, the UK news bring us bad expectative to short GBP about the fundamental analysis hand to hand with the technical analysis here in Sterling Pound
I hope that this idea support you
Good luck!!!
