GBPAUD Long Set Up.
Price has Structure at support highlighted in the blue zone.
The golden zone is the neckline at which there is a chance for price to break if market moves as we anticipate.
If price breaks above the zone an entry can be taken at the intial break or after a retest to market structure.
Tend Line added for further confirmation if price breaks the trend line we can anticipate a move to the upside.
Fibonacci also drawn from a swing high to swing low highlights my trade set up area 50%-61.8%
Price has Structure at support highlighted in the blue zone.
The golden zone is the neckline at which there is a chance for price to break if market moves as we anticipate.
If price breaks above the zone an entry can be taken at the intial break or after a retest to market structure.
Tend Line added for further confirmation if price breaks the trend line we can anticipate a move to the upside.
Fibonacci also drawn from a swing high to swing low highlights my trade set up area 50%-61.8%