GBP/AUD Analysis Jan. 24, 2021Welcome back! Please support this idea with a LIKE if you find it useful.
** GBP/AUD will continue to rise to 1800 zone.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian Kenya Horton, BK Forex Academy
Gbp-aud
GBPAUD on a channel break? 🦐GBPAUD on the 4h chart after the bounce on the weekly chart, retraced until the 0.786 Fibonacci level.
The price will test soon the lower trendline of the ascending channel and according to Plancton's strategy, if the price will break below, we can set a nice short 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.
GBPAUD ANALYSISGBPAUD is in uptrend
Pair is based above key level at 1.7562
Price is based above HVN at level 1.7627 which indicates that pair is in accumulation phase
Above SMA 100
RSI is in uptrend
we r waiting price to exceed next resistance level at 1.7685 after breaking consolidation area
It's expected to target next resistance level at 1.7790
A New StartI'm starting fresh and new, with all my knowledge accumulated from 5 + years in the market, I'm a shadow, I will always be a shadow, and I will help you if u ask.
GBPAUD reversing from previous lower low. If a retracement occurred take a look at the range marked in the graphics.
Those prices are good to look, but always look for better confirmation and confluence in the market and the session you are in.
GBPAUD GBPAUD on the 4h chart after the recent lows created a double bottom and reached the resistance structure at 1.76400.
IF the price will break above the structure and consequently break the trendline according to Plancton's strategy, we can set a nice long order.
–––––
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.
Dec 31, 2020
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