Gbp-aud
ASCENDING CHANNEL BREAKOUT IN GBPAUDHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair broke from its ascending channel
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
GBPAUD TO SELL (AUD SPEECH AND GBP JOBLESS CLAIMS)Early this morning, there was news for the Aussie for a speech and Great Britian's jobless claims of the coronavirus pandemic. Based on the chart of GBPAUD, it looks to be in a downtrend. Therefore, we are looking to sell it after these two news events this morning.
TP: 1.96-1.955
Target yearly PPYearly PP remains an unclosed level, major missed pivot. Price will surely return to it. This is some sort of bump and run reversal. Now we are in run phase.
Breakdown confirms the move. DM projection sends price to yearly Cam S3. Look for short setups on minor timeframes.
This is no financial advise.
Top Absolute Correlation
1 GBPAUD - AUDJPY -80.8%
2 GBPAUD - AUDCHF -79.6%
3 GBPAUD - EURAUD 79.4%
4 GBPAUD - AUDSGD -76.4%
5 GBPAUD - JPN225 -75.9%
6 GBPAUD - AUDNZD -74.7%
7 GBPAUD - AUDUSD -74.5%
8 GBPAUD - EURNZD 74.1%
9 GBPAUD - NZDCHF -73.2%
10 GBPAUD - NZDJPY -73.0%
GBPAUD | Double Top + RetracementPlease support this idea with LIKE if you find it useful.
On monthly chart we have price formed the Double Top pattern + retraced of the resistance trendline of the Symmetrical Triangle. We can initiate a short position with Stop-loss inside of the Resistance zone
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
GBPAUD AnalysisGBPAUD is currently on the cusp of an uptrend and trading around our trend-line. We're looking at this area closely for future price action to confirm our bias on the pair. The 2 levels of importance are 1.95 and 1.98. As long as price is above 1.95 we will expect the pair to continue to be bullish and if price can break and retest 1.98 we will be looking for trading opportunities to go long. Alternatively, if price breaks below 1.95 we will be looking for opportunities to go short. From a COT perspective banks are still adding shorts on the AUD so the selling pressure we have seen is a result of banks reducing exposure on the Sterling, rather than AUD strength/buying, confirming my initial bias of being bullish on this pair.
GBP/AUDWe are approaching a significant trend line once again on GBPAUD running back almost 9 months. One of two scenarios are likely here: either we test the trend line and move higher again or break to the downside. Both plays are worth acknowledging as long positions that get stopped can be reversed with a break (closed candle) to go short.
SELL GBPAUD (BREAKOUT AND RETEST DONE)Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair was in ascending triangle and then it gave a breakout, after that it did a retest and then started falling down
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
GBPAUD Price is sitting in our Bullish Zone will we see the pop?This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
Inverted Cup and Handle in GBPAUDHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that there is an inverted cup and handle chart pattern. Cup has been formed if the pair makes the handle one can wait for the handle to form and then take a sell call. If, however, the pair doesn't form the handle then one can take a sell call as it is in sell trade as per our analysis.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes.
GA Short - why we took the tradeAs it is the easter break for many countries - today is a great day to review trades.
For us - we review GBP AUD
we have a great one hour supply zone which was broken and retested as expected to grab and accumulate a few more orders.
we have a strong downward push candle which takes us 100pips further down - and continues to fall as bearish move is very strong - there is not a test at all by looking at the 30min wick.
From here price creates lower lows until a final push into the demand zone - and creates a rejection wick.
Price then begins to side line as buyers enter the market above the daily zone.
Now we see a final push of profit taking by the sellers - forming a base.
Next demand takes over.
GBPAUD - INTRADAY - 09. APR. 2020Welcome to our daily trade setup ( GBPAUD )!
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1 HOUR
Reaction from 1.98500 support zone
4 HOUR
Bearish market in a pullback right now, good long entries.
OVERALL
Market slowed down, expecting some bullish pressure now.
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FOREX INTRADAY
BUY GBPAUD
ENTRY LEVEL @ 1.99570
SL @ 1.98680
TP @ 2.00870
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