GBPAUD short Mandingoi was bullish on this pair however after clearing my charts for the weekend i can see a break of an ascending trend line followed by a double top, this could show that this pair is looking to fall next week, i will wait to see how the market opens before entering.
this is just an idea! follow your own plan and see what price does before taking any trade.
Gbp-aud
GBPAUD is facing bearish pressurePrice is facing bearish pressure from our first resistance where we could see a further drop below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
where we could see a reversal below this level.
GBPAUDGBPAUD has been pushing down from the high of 1.82660 and has now approached a strong 4h support of 1.8000 of 1.79800.
From this level, we are beginning to see the slow down in momentum and some nice structure beginning to form in the 15min chart. Because of this, I am looking for one of two things. either for the pair to break the minor resistance and retest as support or reject from this level and push down further.
Take profit areas are set at the most relevant swing high or swing low and Stop losses will be set when entering a trade.
GBPAUD testing a 4h resistance 🦐GBPAUD on the daily chart is moving inside an ascending channel.
The market after touching the lower trendline attempt to break below and got rejected started a new impulse.
Price retraced back until the 0.618 inside a descending channel and now look for the break of it.
IF the price will break and close above the minor resistance area, 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.
Upside potential on GBPAUD provided price holds above 1.814Over on the daily, we see price leaning towards the upside.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
GBPAUD - Potential bounce off the pennant support 🔼 (long term)GBPAUD is testing a long term pennant chart pattern support.
The market is printing the inversed head and shoulders reversal pattern on the weekly timeframe.
Buy entry ⬆️ - breakout above the inversed head and shoulders neckline resistance.
Target - Pennant resistance
Waiting for British Pound / Australian Dollar to go up Price in GBPAUD will fall down to 1.76464 - 1.74900
I anticipate a rise afterwards.
If the price makes its way up to 1.8468 then it'll be easy for it to reach my specified target at (1.92000) or maybe proceed from there to a higher place.
What is your thought on GBPAUD?
GBPAUD Overnight setup.GBPAUD - Intraday - We look to Buy at 1.8164 (stop at 1.8134)
Posted a Double Bottom formation.
We look to buy dips.
Daily signals are mildly bullish.
We look for gains to be extended today.
Dip buying offers good risk/reward.
Our profit targets will be 1.8264 and 1.8314
Resistance: 1.8280 / 1.8300 / 1.8320
Support: 1.8200 / 1.8170 / 1.8140
GBPAUD - SWING - 10. NOVE. 2020Welcome to our weekly trade setup ( GBPAUD )!
-
1 HOUR
Very bullish price action..
4 HOUR
Close and pressure above main sr level.
DAILY
Expecting further upside movement, good long entries!
-
FOREX SWING
BUY GBPAUD
ENTRY LEVEL @ 1.81810
SL @ 1.80270
TP @ 1.84170
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPAUDAs we are coming towards the end of the week I have one trade set up left in the pipeline that has not been filled. GBPAUD is slowly being to retrace after an extremely bearish week. As the institutions are being to take some profits for the week, we can hopefully see the pair pull back to around the 1.82000/1.82500 before shorting further to remove any further sell orders that may or may not reside within the market.
We saw the break of the low on the 4th of November and the pair is yet to come back and retest the area removing any orders that may or may not reside.
GBPAUD Buy the dip.GBPAUD - Intraday - We look to Buy the dip
With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals.
Pivot support is at 1.7965.
Expect trading to remain mixed and volatile.
We look to buy dips.
Dip buying offers good risk/reward.
Our profit targets will be 1.8085 and 1.8119
Resistance: 1.8060 / 1.8100 / 1.8130
Support: 1.8000 / 1.7980 / 1.7930