GBPAUD Price Action Analysis: Key Levels To Watch!
GBP/AUD Technical Analysis – 4H Chart
Key Levels & Market Structure
- Resistance Area: Price rejected from 2.06361, confirming strong selling pressure.
- Demand Zone: Located around 2.02897, where buyers may step in for a potential reversal.
Potential Trade Setup
- If price respects the demand zone, a bounce towards resistance is likely.
- A break below the demand zone could trigger further downside, targeting 1.97634.
Market Outlook
- Bullish Scenario: Buyers defend demand zone, pushing price back towards 2.06361.
- Bearish Scenario: Failure to hold demand could lead to a deeper correction.
Traders should monitor price action near the demand zone for confirmation of direction. 🚀
If you enjoy, press the like button.
Key Levels & Market Structure
- Resistance Area: Price rejected from 2.06361, confirming strong selling pressure.
- Demand Zone: Located around 2.02897, where buyers may step in for a potential reversal.
Potential Trade Setup
- If price respects the demand zone, a bounce towards resistance is likely.
- A break below the demand zone could trigger further downside, targeting 1.97634.
Market Outlook
- Bullish Scenario: Buyers defend demand zone, pushing price back towards 2.06361.
- Bearish Scenario: Failure to hold demand could lead to a deeper correction.
Traders should monitor price action near the demand zone for confirmation of direction. 🚀
If you enjoy, press the like button.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.