in this week we are monitoring GBPAUD for a long term buying opportunity around 1.84350 area, we will jump in this trade once we receive any bullish confirmation. trade safe, and respect money management.
Prices are facing bearish pressure from the resistance zone at 1.8600 which lines up with the 50% fibonacci retracement and descending trend line. A pullback to test this resistance area presents an opportunity to play the drop to the next support target at 1.8420 support area. Ichimoku cloud is showing signs of bearish pressure as well.
Price is consolidating in a descending channel . We see a potential target entry at 1.85055 in line with 38.2% Fibonacci retracement and 100% Fibonacci projection and a pullback towards our Take Profit at 1.84425 in line with 127.2% Fibonacci retracement . Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other...
Price is consolidating in a descending channel . We see a potential target entry at 1.85055 in line with 38.2% Fibonacci retracement and 100% Fibonacci projection and a pullback towards our Take Profit at 1.84425 in line with 127.2% Fibonacci retracement . Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other...
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As you can see on the chart; We have to break 1.8265 to move upside Then you can see my targets on the chart. My system is complicated to show here I just simplfy my strategy to give a clear outlook.
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Haven't published on here in a while! Here's a simple set up on GBPAUD with lots of confluence pointing to a reversal. Here we see price rejecting both the 100 and 200 H4 averages at a significant area of support-resistance. The last H4 doji closure implies a bearish reversal, in which i expect price to fall to test the 1.86 psychological support level....
Bullish Indicators: 1) Bounced from the upward trendline 2) Support zone at 1.86056 3) Bullish engulfing Bearish Indicators: 1) Descending trendline 2) Resistance at 1.87723 Plan A: One can buy from here for the target of 1.88459 Plan B: On the breaking of upward trendline one can sell for the target of 1.85340 where the major support lies.
My preference to this trade is to see a sell off occur. I believe this to be a temporary move until we see interest rates take a hike up in Q4 boosting the sterling
Possible break lower or push back up from 1.86?Shall wait for market's cue! Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for...
GBPAUD is currently ranging, and approaching support. We therefore expect a bullish reversal to the upside. Thanks and good luck. Like, comment and follow.
GBPAUD is its possible that this upmove is over now one more impulse to down side is ready
Prices are holding below a key resistance zone on the monthly time frame with further downside seen. On the H1 time frame, prices broke its ascending support line and a pullback to test the resistance zone at 1.88800, in line with the 78.6% Fibonacci extension and 50% Fibonacci retracement presents an opportunity to sell to the support target at 1.8700 which lines...
H1 time frame. Structure: Bullish structure is broken, price breaks Key level 1.88400. Waiting for the price to return to the 1.88800 - 1.89000 zone, sell setups may appear. Profit target is 1.85400 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
After being in an uptrend for some time, price finally breaks out and consolidates across with the upper channel of the consolidation testing and failing to break the upper major zone area. Price then makes a false upper breakout and moves back into the channel with bearish momentum, which signaled a selling opportunity with the take profit at the lowest zone area
Good morning, traders! Today we will analyze GBP/AUD (multi-timeframe) to explain our bullish view in depth. First, we would like to start with the graph with the longest temporality (Weekly) to explain the context and where this direction comes from. 🔸Here, we see that the price rebounded on the Weekly Ascending Trendline, and since then, the upward...