Breakdown of what I see for GBPAUD
Liquidity is being formed underneath these equal lows, but smart money has a target just below this area.
Smart money moves this market, so we have to think like them. The liquidity beneath the equal lows will give them the oomf they need to push up.
I see a long position at this institutional sell-to-buy candle, with a long-term target at the buy-to-sell candle at the top of the extension.
Liquidity is being formed underneath these equal lows, but smart money has a target just below this area.
Smart money moves this market, so we have to think like them. The liquidity beneath the equal lows will give them the oomf they need to push up.
I see a long position at this institutional sell-to-buy candle, with a long-term target at the buy-to-sell candle at the top of the extension.
Kommentera:
Update -- that was a fire entry point!!