GBP/AUD GBPAUD has been stuck in a range since the early part of May. This has been a pretty clean trade from range high to rage low. In my own terminology I would consider a range to be an efficient market, one that has defined top and bottom where markets have found equilibrium. These efficient markets can present a separate market characteristic this is...
The inflation picture is hugely concerning but the British government has confidence in the Bank of England to get it right, Chief Secretary to the Treasury Simon Clarke said on Monday. British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help to households and the Bank of England to keep...
AUD Futures Futures 19 May 2022 Based on the HV measures from the last 5397 candles our expected volatility for today is around 0.96% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.21% This is translated into a movement from the current opening point of 0.008 With this information our top and bottom , with close to 81%...
GBPAUD - Perhaps 🏲 ?! Disclaimer: Not Financial Advice
GBPAUD took support from Daily EMA12 and it's forming inverse head & shoulder on the lower timeframe. Watch out for the breakout for the targets marked on the charts.
Looks like this one is breaking the structure on the lower timeframe. Either short it at current price or wait for an hourly candle closing below 1.76 for the tp of 1.7585
Hey traders, Have you seen that cute dodji candle that GBPAUD formed on a daily time frame. That candlestick pattern formed on a strong horizontal key level. To short with a confirmation, watch a double top formation on 4H. 1.7664 - 1.769 is its horizontal neckline. Wait for 4H candle close below that, then short aggressively or on a retest. Goals will be...
GBPAUD I believe we can get a good 400 pip trade with minimum risk. We appear to have created a double bottom which has formed the base Now if you go from the 4HR to the 30M TF, we can see a reversal pattern an inverse head and shoulders which would give us a good place to get anentry on the break of the neckline.
Found some good areas that I'll be watching carefully, expecting a short first to take out the liquidity below, then a push up before continuing its move down. Alerts are set to watch price action on the seconds chart at the time
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.7433). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.7433). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
If we start analyzing from the D-timeframe we can see that we are at a strong Support level and we have more than 1000pips to the upside we go to the lower timeframe like the 1hour TF we can see an Ascending Triangle. So the best way to play out such a trade is to wait for the breakout and set our SL just below the support line (Or preferably 1ATR below it) and we...
GBPAUD rejecting from supply zone expected to go Previous resistance. Expected to give 150 PIPS.
Been looking at GA to bottom for a while we first had the reversal pattern now we have seen a larger pattern occur as a cup and handle
GBP FUNDAMENTAL BIAS: NEUTRAL 1. Monetary Policy In March the BoE hiked rates by 25bsp as expected but delivered a bearish hike with BoE’s Cunliffe dissenting by voting to leave rates unchanged. This was a stark change from February where 4 members voted for a 50bsp hike. Cunliffe noted the negative impacts of higher commodity prices on real household...
GBP/AUD bearish on higher timeframes and shorts have been favorable this week. Looking for another move down soon maybe early next week. Will look for entries and update.
The Australian Dollar may resume gains against the British Pound following weakness since early April. GBP/AUD's bounce has been slowing, and now a breakout under a bearish Rising Wedge is in focus. Further downside confirmation could hint at downtrend resumption, placing the focus on the early-April low at 1.7175. Beyond that sits the 2018 and October 2017...
On the H1 time frame, prices are showing bullish order flow, with higher highs and higher lows being formed. A pullback to test the support at 1.75822, in line with the 127.2% Fibonacci extension, 78.6% fibonacci retracement and ascending trend line provide an opportunity to play the bounce to the next resistance target at 1.79551, in line with the 200% Fibonacci...