#GBPAUD Long Idea (Structure retest, FIB retracement)
#GBPAUD Long Idea (Structure retest, FIB retracement)
1. retest of previous structure
2. 50 SMA is near the target and is lagging behind. It must attract the price to itself
3. The zone is higher time frame (4h) support zone
4. Bullish divergence is present
5. Previous huge wick in the zone show high demand there
6. Price is oversold on higher time frame
1. retest of previous structure
2. 50 SMA is near the target and is lagging behind. It must attract the price to itself
3. The zone is higher time frame (4h) support zone
4. Bullish divergence is present
5. Previous huge wick in the zone show high demand there
6. Price is oversold on higher time frame
