Gbp-aud
GBPAUD SHORT TRADEFalse breakout occurred after reaching supply zone at level 1.9758
and confirmed by bearish engulfing candlestick pattern
RSI shows negative divergence
MACD shows starting of bearish momentum
It's expected for coming strong bearish wave to target demand zone near HVN at level 1.9255
GBP/AUD ShortHello !
My idea for you is really nice, the trend it against us but 2 technical indicators that can made us to gain profit.
In the daily frame, price hit an important area from June 2016.
On 4H time frame, the pair hit the top of the fibbonaci level, on 31 January, price test that level and failed.
You can enter in this trade on the following price : 1.97120.
Please set STOP LOSE @ 1.97300 - money management it important.
TAKE PROFIT level @ 1.95227
Keep in mine, this trade is 5 RR+ but you need patience !
Have a great night and thank you for you time !
GBPAUD off of the ROAD. Short and long entry.In this analyisis we expect: the first one and the most important is the KL, the acumulation in our weekly Key level has been too much poor so we expect that the value needs to arrive again to this zone before the rise. In the other hand, we have a simetric triangle so we will wait the fake out before the entry, but first we need this acumulation in the weekly. The other possibility is that after retest the uptrend, the value rise, but the accumulation in the KL is most possible. We also see that all the values love to retest in the 61.8%.
GBPAUD Daddy LONG LegsPrice on GBPAUD has been bullish since June of 2019, and has been on a healthy run to the upside since Jan 2020. Price peaked at 1.975xx and then dropped sharply to 1.926xx before dropping to 1.917xx just above major support. I believe that the current consolidation that has been accumulating since Feb 7 will produce another leg to the upside, at least to clap the previous high at the 1.94 mark. If we break above 1.94, then 1.96-1.97 are on the table for a double top at previous high. For this set up, I'd suggest stops below current support that has been tested nearly 4 times now at 1.9215. A true sell of will be a violation of the 1.911xx zone (break and retest. The I will consider this pair bearish. As of now, we have a long term uptrend still in tact.
Best of luck.
GBP/AUD-4 Hour time analysisHello everybody!
-On 4 hour time frame we can see that price is bouncing off support line,we can see lot of rejections on that line.On daily time frame we can see that blue resistance line that is now support,that is resistance line of ascending channel and it is very solid rejection line.
-The price is under 100 EMA so we can see if 100 EMA is going to test and reject the price,if we get rejection then we can consider 100 EMA as some kind of resistance .
-On 4 hour base GBP and AUD are on similar level while on daily base GBP is weaker than AUD.
-I recommend to wait and see which pair will gain more power and take control.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial
GBPAUD: On Its Way To Support
though many traders have already started buying gbpaud,
I believe that after a new higher high formation and test of the resistance of the rising channel
it may drop lower.
the first level on my radar is 1.91 support.
we have a perfect match of a structure on the left, 618 retracement of the last leg of a move and support of the rising channel.
this level gives a perfect swing trading opportunity for us.
we will see how it unfolds.
good luck!
GBP/AUD-4 Hour time frame analysisHello everyone,I want to share this with you!
-On 4 hour time frame we can see that price formed nice head and shoulders pattern and we can see that the price retested few times support line(neck line).
-Head and shoulders is bearish pattern so that means that price may continue in bearish direction but if we have more rejections from that support line we may expect bullish movement.
-On daily base we can see that AUD is stronger than GBP,AUD is at 88 level while GBP is at 59...If AUD remains stronger we can expect bearish movement and if GBP gain some power and AUD lose some power we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial