GBPAUD (LONG) STORYTIME ;)1. Imbalance (High Side Target)
2. Golden Pocket Area (High Side Target)
3. Confluence (1+2)
3. Imbalance (Low Side Target)
4. Golden Pocket Area (Low Side Target)
5. Equal Lows (Low Side Target)
6. Confluence (3+4+5) Targets Line up
7. Bullish Market Structure
Price goes to wherever the most liquidity is, There is liquidity when you see equal lows / Highs. Liquidity is also found in imbalances in the market, They essentially act like magnets for price when two or more liquidity points line up its called confluence. When confluence aligns with the 71 - 78% discounted price levels you can expect a reaction, these reactions tell a story.
Why would the price keep going up, well we Identified here that we are bullish on the pair so it gonna keep moving up naturally. While it goes up there it can create imbalances and pockets of money that are like magnets for price. So where is price going ? Well first it's gonna hit/fill a target before moving to the next one. One target that I found is a pretty solid one is around 1.892 - 1.895. There is where the 71 - 78% golden pocket entry, Which all that means is from the previous high to the most recent low price is at a 70% discount for sellers which is the prime area of major players. This aligns with Imbalance which makes confluence.
Two Potential Scenarios
Price continues up fills the upside targets and retreats back down to downside targets before making next high
Price moves towards low-side targets and then pushes up to make next high
I believe were going to see is a move up and then sweeps the lows, so thats what Im gonna publish
