09/08/2020 GBPAUD - WEEKLY PLAY TF H4 LONG

Welcome,

Below you will find our trading notes:

Monthly view - BEARISH
Weekly view - BULLISH
Daily view - BULLISH

Previous week LOW - 1.8140
Previous week HIGH - 1.8405
Previous week profile - CONSOLIDATION

News this week:

11/08 TUE - 3.30 ; 8.00
12/08 WED - 8.00
13/08 THU - 3.30
14/08 FRI - 1.30

Where to focus:

LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.8140
SUPPORT STRUCTURE : 1.8025 -> 1.8110
SUPPORT LOWER STRUCTURE : 1.7950 -> 1.8050
LIQUIDITY ABOVE : 1.8400; 1.8450
RESISTANCE STRUCTURE : 1.8505 -> 1.8562

Weekly scenario:

We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.8315 but over all target is 1.8450 -> 1.8500

Protection strategy:
SL up to 30 pips below support structure


REMEMBER!

NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)

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HAVE AN AMAZING DAY!

ENJOY