GBPAUD - SWING - 01. DECE. 2020Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Strong bullish pressure.
4 HOUR
Small pullback after crossing main sr level.
DAILY
Expecting prices to move up shortly!
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FOREX SWING
BUY GBPAUD
ENTRY LEVEL @ 1.81110
SL @ 1.80020
TP @ 1.82790
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Gbp-aud
GBPAUD - LongThere is an oppotunity for bullish momentum for GBPAUD.
Price is at a support zone (1.80271), where price has held at this zone on 3 previous occasions.
I believe that we could see history repeat itself self and should the support zone hold, we could see bullish movement up towards the 1.8300 regions.
Before entering a long trade, I will seek strong bullish rejection at this level (4H closed bullish candles)
GBP has been rather volatile recently, as well as AUD strength. Therefore, this trade should be taken knowing that fundamentals could come into play and cause unexpected movements.
GBPAUD ANALYSISGBPAUD rejected from downtrendline with strong bearish movement
Pair is based below key level at 1.8245
Price is based below HVN at level 1.8153 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
RSI broke uptrend
We r waiting price to exceed next support level (1) at 1.8120 to open short trade
It's expected to target support level (2) at 1.7990
GBPAUD testing the channel 🦐GBPAUD on the 4h chart is testing the lower trendline of the channel.
The market after moving until the 0.618 Fibonacci retracement of the previous bearish leg couldn't create new highs and move back to the daily support area at 1.81200.
IF the price will break below the structure and consequently break the channel we will set a nice short order according to Plancton's strategy.
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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 could see bullish pressure from key support! GBPAUD could see bullish pressure from key support! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
GBPAUD testing a daily resistance 🦐GBPAUD on the daily chart is moving below a daily resistance.
The market after consolidating is now looking for a new impulse
IF the price will break and close above the daily structure, 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 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.
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.