GBPAUD shows a strong break on the 30m chart, expecting to see a push to the upside after retracement
We’re expecting the market to kill the liquidity accumulated on the upper area, to then move downwards to later expect a upward movement.
We can see a divergence in the price structure, which can easily give us a RRR of 9:1
In HTF NASDAQ remains bullish, but in LTF we expect the markets fulls the imbalance, giving the chance for a R:R 1:6 trade
The market can be a little confusing some days, but not today, today we have GU bouncing on a range, but as it seems, its a bout to be broket to fill the next imbalance, placed on 1.30500, wich is the target of this trade, basically 90 - 100 pips
We’re looking into the HTF where we can expect a reversal to the downside, right between the to marked zones on this idea.
We’re expecting a full market reversal to the upside.
As we can see a change of structure, we can be expecting the Sterling pound reaching the 1.3000 area, where it could make a new retracement.
As sin as we can see on the HTF a double top (retail) pattern, we can expect a retracement to the drawn target, and then we can totally take a short over that area
It just hit an order block, after this an the wick shown, we can expect a downtrend movement.
We can see a big confluence in this area where the market just hit, after the opening of NY session. If we look carefully ovwer the TP area, there is an Order Block that can be used to eliminate liquidity out of the market.
We possibly gonna see a break out and a strong upward movement on the opening of the week, keep the RRR kinda low.
We can see the price of btc reaching at least 43k before showing the next move.
We can see a very strong confluence on the O.B placed at our entry price.
Checking the HTF we can expect the end of the bullish retracement and the selling pressure is starting to appear to head our TP
Due the exhaustion shown in the actual price, we can expect a break of structure and get back again to the previous prz.
We're about to get a high confluence to see the market taking bulls once again, reaching 54K before confirming a new phase of bullish trend continuation
As it can be seen on h4, there is a strong order block that could lead to continue the bulls trend that's going on and hit out 70K TP.