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Gbp-aud

GBPAUD Approaching Support; Be aware of Bull TurnHello traders, GBPAUD continued lower from latest 1.84 high, and is now trading close to potential support at 1.806 level, provided form a former swing high. Also fib. ratios of 50.0 and 61.8 (1.806/1.80 level) can react as support, and push price into a higher degree wave c. That said, once sub-wave c) or y) of b fully develop, and we see a rally in impulsive fashion, that is when correction as b may be completed, and wave c underway. Trade well, the EW-forecast team
by ew-forecast
GBPAUD In DowntrendGBPAUD is in a firm decline, a five-wave impulse down from March high. At the moment we see price resuming the downtrend, after recent minor corrective rally in wave 4, which ended at the 1.841 level. That said, wave 5 of an impulse can be underway, so be aware of new lows, as final leg lower can be targeting 1.73/1.72 area. If wave 4 correction is still not completed, then be aware of a rise towards the Fib. ratio of 23.6 and 38.2 (1.84/1.87 level). Trade well, the EW-forecast team
by ew-forecast
Consolidating Getting Ready For A Bull Run?This pair looks like it's setting up for a bull rally further up this week. We were in a lengthy consolidation period. This may be the week after seeing this juke move that we do the climb up. Gonna play this out and see how it want to make the most of this false breakout. BULL TPS: • 1.82712 • 1.83971 • 1.85170 BEAR TPS: • 1.81321 • 1.80812 • 1.79466 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney
GBPAUD: Consolidation and Complete Indecision GBPAUD is stuck between two key daily levels. the price is consolidating within a wide horizontal trading range. 1.814 is the support of the range. in case of a daily candle close below that, the price will most likely drop. target level will be 1.796 1.839 is the resistance of the range. in case of a daily bullish violation of that, the price may continue the July's bullish rally. target level will be 1.853 also note that for intraday trading, you can short the market from the resistance of the range and buy from its support. currently the boundaries of the range serve as supply and demand areas. good luck
by VasilyTrader
5
GBPAUD - SWING - 25. AUGU. 2020Welcome to our weekly trade setup ( GBPAUD )! - 1 HOUR Market broke out of our range. 4 HOUR Jumped back into our trend direction and closed above main sr level. DAILY Overall slowly rising sideways market structure, expecting another push to the upside! - FOREX SWING BUY GBPAUD ENTRY LEVEL @ 1.82330 SL @ 1.81410 TP @ 1.83790 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
Long
by DACapitalTrading
9