Today I want to share with you a Long position on GBPAUD(
GBPAUD).
GBPAUD started to rise well from the Important Support line, Support zone(2.032 AUD-1.987 AUD), and Potential Reversal Zone(PRZ)[2.041 AUD-2.032 AUD] and managed to close the 4-hour candle above 2.053 AUD (important).
In terms of Elliott wave theory, GBPAUD seems to have completed the main wave 4. The main wave 4 structure was a Double Three Correction(WXY).
Also, along the way, we can see a Bullish Marubozu candle, which could indicate a continuation of the uptrend.
I expect GBPAUD to break the Resistance lines soon and attack the Resistance zone(2.078 AUD-2.066 AUD).
First Target: 2.065 AUD
Second Target: 2.076 AUD
Note: Stop Loss(SL): 2.040 =Worst SL
Please respect each other's ideas and express them politely if you agree or disagree.
British Pound/ Australian Dollar Analyze (GBPAUD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPAUD).GBPAUD started to rise well from the Important Support line, Support zone(2.032 AUD-1.987 AUD), and Potential Reversal Zone(PRZ)[2.041 AUD-2.032 AUD] and managed to close the 4-hour candle above 2.053 AUD (important).
In terms of Elliott wave theory, GBPAUD seems to have completed the main wave 4. The main wave 4 structure was a Double Three Correction(WXY).
Also, along the way, we can see a Bullish Marubozu candle, which could indicate a continuation of the uptrend.
I expect GBPAUD to break the Resistance lines soon and attack the Resistance zone(2.078 AUD-2.066 AUD).
First Target: 2.065 AUD
Second Target: 2.076 AUD
Note: Stop Loss(SL): 2.040 =Worst SL
Please respect each other's ideas and express them politely if you agree or disagree.
British Pound/ Australian Dollar Analyze (GBPAUD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade was activated
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.