GBPAUD 4HGBPAUD 4H📊
1. Trend- Bullish on 4H and Daily timeframe
2. Current phase- Retracement stage (re-accumulation)
TRADE APPROACH (Expectations)
1. We are currently seeing price move inside our weekly range that broke structure. Price is bullish and below our 50% Fibo level we have 2 demand zones + FVG that may inject more orders to refuel the current bullish trend. We expect price to open high and move lower towards our liquidity zones.
2. If price successfully accumulates enough orders to take out swing low as sellside liquidity, we will see more bearish momentum and trading zones (Supply zones will form) during the week distributing price downside targeting further further sellside liquidity until next unmitigated demand zone is met on the higher timeframe.
📈 Further updates to be posted later this week.