GBPAUD ANALYSISGBPAUD broke upper edge of down channel
price broke key level at 1.8015
Above SMA 100
MACD shows bullish momentum
It's expected to target resistance level at 1.8110
Gbp-aud
GBPAUD - LONG POSITION (4HR)FX:GBPAUD
CONFLUENCES:
- Rejection of 61.8% Fib
- Rejection of 50 EMA on daily & 4Hr
- Bullish market structure confirmed by EMA crossover and HH formation
- Break & retest of the previous downtrend
GBPAUDReset the chart, (currently using G9 49" screen so bare with me)
61.80% last week, previous LH broken.
JUST AN IDEA, BUY GBPAUDSWING TRADING JOURNAL
I'm considering to BUY GBPAUD, but i don't have buy order yet
As usual,
my entry point will be somewhere at greenbox
my SL BELOW red line
my TP at bluebox level
We have BoE news at Thursday at New York open
Well, if you want to trade this good luck for you
NO PROFIT GUARANTEE!
Waiting For The BreakoutLoving this setup also for the week. GBPAUD is consolidating underneath a weekly level and I'm waiting for the breakout to take this trade.
On the higher timeframes, it looks like that it's going to come back down to the 1.75485 daily area before ticking back up. But if it doesn't we're in for a solid bull run that can last a couple of weeks minimum. Let's wait and see.
BEAR TPs:
• 1.78354
• 1.76923
• 1.75485
BULL TPs:
• 1.79976
• 1.81397
• 1.82358
Gbpaudgbpaud is trying to create a higher high in HTF (higher time frame) but it showing difficulties because price reject and create a doubble top that means that trade can turn in bearish .
For confluece we have 4 fresh demand zones that are waiting for price to come back.
We can see a tripple top too cuz in this pair GA happen a lot this pattern.
A sell limit order @1.81000 is a good idea if we see rejection at this strong resistance and psychological round number.
GBP/AUD change in trendAfter price broke above the key resistnace, which has became the support, trend is likely to turn bullish, for the medium to long term.
GBPAUDD- double bottom, 61.80^ fib
4H- liquidity zone, weekly high broken. (Channel resistance is minor)
15 min- look for entry London open!
GBPAUD will break above the 1.80 🦐GBPAUD has recently broken the main descending channel and now testing the resistance at the 1.80 level.
The price before breaking the channel retraced inside a bull flag until the 0.382 level and now testing the resistance.
According to Plancton's strategy, if the market will break above we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together
Possible GBPAUD Monthly Bull move (1500+ pips)3 Higher lows connected via trendline and 2 significant lower highs connected via trendline as well.
A counter trend line has been broken which may lead to GA rallying up for a good while...
Should the trendline be broken to the downside then we can look forward to very decent short positions.
GBPAUD BEARS ABOUT TO STEP INGBPAUD is a at a strong psychological level which is at 1.8500 and bears are about to step in.
GBPAUD on a range break 🦐GBPAUD on the 4h chart is moving inside a range between 2 daily structures. IF the price will manage to break and close above we will set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPAUD ANALYSISGBPAUD retested broken downtrendline
MACD shows bullish momentum
It's expected to target first HVN at level 1.7919
then finally target key level at 1.8020
GBPAUD LONGDaily trend is still bullish. Hidden bullish divergence on the 4h chart. Price at Daily trendline.
GBPAUD SETTING UPHi guys, and happy Thursday to you all. Markets are a little slow today and we are not currently in any trades at the moment. The only pair that is setting up rather nicely out of our watchlist for this week is the GBPAUD pair. We had a breakthrough last night and we are currently waiting for a retest which will give us confirmation of price continuing in a bearish momentum which could potentially form a downtrend and eventually hit our take profit level.
But as ever we are not forcing any trades and we are definitely not going to rush into anything. We have made serious capital gain within the last few trades and we're not willing to throw all the hard work away by forcing something that isn't quite there yet.
We will keep you updated a little later on whether this trade came into our favour or not.
As always, staying humble and staying focused for now.
Good luck traders, have a great day.
GBP/AUD: Shorting at the market for 50 pips Hey guys,
The pair broke its corrective pattern 2 hours ago to the downside. The previous demand zone has shifted to a supply zone implying that selling is ongoing.
I am selling at the market and will target the 127.2% fib level which is the next demand zone.
The RR for this trade is above 2.5.
Trade at your own risk.
Cheers,
