GBPAUD UPDATE

7 mar 2023

Potential shorts lining up for a NY session move, on the 15m TF we can see price is over extended to the upside sooner or later the institutions that drove the price up will take profits on there longs and this will create a retracement move. We can also Identify how the market is testing a psychological level of supply at 1.8000 in confluence with a 4H zone and High of previous week.

There are two Beautiful Asia session imbalance's to the downside with gaps to potentially fill giving us more confidence to expect the bearish move soon. For entry confirmations I am looking for price to take out the sell side liquidity above the current HOD and HOPW then will be monitoring on the 5m TF for potential short entry confirmations.

Remember this is an idea based on current PA if we dont get ENTRY CONFIRMATIONS we will not take the potential setup.