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GBPAUD SHORT SIGNAL H1

On GBPAUD, we have a price that, after a nightly descent, bounced back in the VALUE GAP area highlighted in orange, around 1.8970. The trading strategy involves entering this zone with a target at 1.8850. Keep in mind that due to a wide stop loss, the price may linger around the stop level, touching the 38 and 50 Fibonacci levels before potentially descending by 120 pips to the set target. It would be great if you could share your opinion. Greetings from Nicola, CEO of Forex48 Trading Academy.