Forex Price Action Baby, No Technicals or Fundamentals…Trade #14 – Bought GBP/AUD (5/19/19)

10,000 Ft View – Daily Chart

Lets zoom for a closer look at the trade set-up on the 30 min chart. What I like about the set-up is price formed a demand zone where the buyers took out the pivot high. What I also like about the zone is price has the opportunity to at least close the gap.

Here is a closer look at the zone.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.