GBP/AUD 4H Timeframe Analysis
GBP/AUD 4H Timeframe Analysis
Trend Analysis
On the 4-hour timeframe, GBP/AUD is currently in a downtrend, consistently forming new lower lows following previous highs. The price recently broke below the first minor key support at 1.9900, retested this level, and is now moving toward the next minor key support at 1.97800. However, the price has not yet managed to decisively break this support level.
Price Action Expectation:
Our objective is to wait for a clear breakout at 1.97800 minor key support.
Wait for price to Accumulating sellers' orders within the current Accumulation area.
Monitoring for a retracement where the price moves upward, breaks the minor key resistance, and reaches the liquidity zone, triggering the liquidation of sellers' stop-loss orders.
After liquidity is cleared, we will look for the price to break back below the minor key support at 1.97800, confirming bearish momentum.
Trade Setup
Trade Type: Sell Stop (Breakout Trade)
Entry: 1.97580 (on confirmation of a break below minor key support)
Stop Loss: 1.98440 (within the liquidity zone to account for false breakouts)
Take Profit: 1.95750 (next significant support level)
This setup requires patience and discipline, as we need to wait for the price to fulfill all conditions before our entry is triggered. If the price fails to break the accumulation area and moves upward into the liquidity zone, our setup will remain safe.
Conclusion:
GBP/AUD is exhibiting a bearish continuation pattern, but the price needs to clearly break below 1.97800 for confirmation. The strategy emphasizes patience in waiting for the ideal entry point, as well as a disciplined approach to managing risk within the liquidity zone.
Risk Management:
Adopt a 1:2 risk-to-reward ratio, ensuring your position size aligns with your account equity. Monitor price action closely, especially around the 1.97800 support and the liquidity zone, to validate the setup. If the breakout conditions aren't met, avoid forcing the trade and reassess market structure.
Financial Advice
Trading involves significant risks and is not suitable for all investors.
Always ensure you:
Understand the market and the risks involved.
Only trade with capital you can afford to lose.
Diversify your investments to avoid overexposure to a single trade or market.
Seek advice from a financial professional if you're unsure about any trading decision
Trend Analysis
On the 4-hour timeframe, GBP/AUD is currently in a downtrend, consistently forming new lower lows following previous highs. The price recently broke below the first minor key support at 1.9900, retested this level, and is now moving toward the next minor key support at 1.97800. However, the price has not yet managed to decisively break this support level.
Price Action Expectation:
Our objective is to wait for a clear breakout at 1.97800 minor key support.
Wait for price to Accumulating sellers' orders within the current Accumulation area.
Monitoring for a retracement where the price moves upward, breaks the minor key resistance, and reaches the liquidity zone, triggering the liquidation of sellers' stop-loss orders.
After liquidity is cleared, we will look for the price to break back below the minor key support at 1.97800, confirming bearish momentum.
Trade Setup
Trade Type: Sell Stop (Breakout Trade)
Entry: 1.97580 (on confirmation of a break below minor key support)
Stop Loss: 1.98440 (within the liquidity zone to account for false breakouts)
Take Profit: 1.95750 (next significant support level)
This setup requires patience and discipline, as we need to wait for the price to fulfill all conditions before our entry is triggered. If the price fails to break the accumulation area and moves upward into the liquidity zone, our setup will remain safe.
Conclusion:
GBP/AUD is exhibiting a bearish continuation pattern, but the price needs to clearly break below 1.97800 for confirmation. The strategy emphasizes patience in waiting for the ideal entry point, as well as a disciplined approach to managing risk within the liquidity zone.
Risk Management:
Adopt a 1:2 risk-to-reward ratio, ensuring your position size aligns with your account equity. Monitor price action closely, especially around the 1.97800 support and the liquidity zone, to validate the setup. If the breakout conditions aren't met, avoid forcing the trade and reassess market structure.
Financial Advice
Trading involves significant risks and is not suitable for all investors.
Always ensure you:
Understand the market and the risks involved.
Only trade with capital you can afford to lose.
Diversify your investments to avoid overexposure to a single trade or market.
Seek advice from a financial professional if you're unsure about any trading decision
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