GBPAUD – 1H Bullish Divergence Detected 🟢
✅ Setup Overview:
Pair: GBPAUD
Timeframe: 1 Hour
Signal: Bullish Divergence (Price making lower lows, but oscillator making higher lows – RSI/MACD)
Bias: Short-Term Long (Bullish Reversal Expected)
🔍 Technical Confluence:
Bullish Divergence visible on 1H
Support Zone holding structure
Potential double bottom/trendline support acting as a reversal catalyst
No major bearish momentum continuation — signs of exhaustion
📈 Trade Plan – Long Setup:
Entry:
On break of minor resistance or first bullish engulfing / Heikin Ashi green candle
Or upon RSI cross above 30–40 zone
Stop-Loss:
Below recent swing low or divergence base
~30–40 pips below entry (adjust per volatility)
Take-Profit Targets:
TP1: Previous resistance zone (~1:1 R:R)
TP2: Fib 0.618 retracement of last bearish leg (~1:2 R:R)
⚠️ Notes:
Ideal to combine with volume confirmation or trendline break
Watch out for AUD-related news or GBP volatility events
✅ Setup Overview:
Pair: GBPAUD
Timeframe: 1 Hour
Signal: Bullish Divergence (Price making lower lows, but oscillator making higher lows – RSI/MACD)
Bias: Short-Term Long (Bullish Reversal Expected)
🔍 Technical Confluence:
Bullish Divergence visible on 1H
Support Zone holding structure
Potential double bottom/trendline support acting as a reversal catalyst
No major bearish momentum continuation — signs of exhaustion
📈 Trade Plan – Long Setup:
Entry:
On break of minor resistance or first bullish engulfing / Heikin Ashi green candle
Or upon RSI cross above 30–40 zone
Stop-Loss:
Below recent swing low or divergence base
~30–40 pips below entry (adjust per volatility)
Take-Profit Targets:
TP1: Previous resistance zone (~1:1 R:R)
TP2: Fib 0.618 retracement of last bearish leg (~1:2 R:R)
⚠️ Notes:
Ideal to combine with volume confirmation or trendline break
Watch out for AUD-related news or GBP volatility events
Trade active
TP1 hitTrade closed: target reached
After TP1, it stopped out. I hope you guys have booked TP 1...
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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.
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.