GBPAUD sold at daily supply

Priced turned at monthly demand zone and rallied retraced back to the area where the imbalance started. Because of the steep arrival I decided to place a limit order, which was triggered.

Target is at the next pivot where price flipped and consolidated before.


Price is continuing moving south, I locked some profit just above recent supply. The weekly gap was closed, maybe there is potential beyond target. But I will stay with the plan.

Target finally hit: