Gbp-aud
Sell on GBPAUD after Hitting Resistance inside ChannelHello my fellow traders, hope you'll be 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.
The pair is moving in Ascending channel from a long time now. As we can see that it has hit its channel resistance so as per our analysis it will fall till its channel support.
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Ryan.R.Lopes
GBPAUD Scalping Trade In Channel Pattern.GBPAUD is consistently trading in rising channel pattern since it has formed its last bottom. Also it is trading in only the upper part of the channel pattern and hence we might see a breakout of channel pattern if it continues with the same.
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Upwards Regression Trend for GBPAUD [In-Depth]Regression Trends can be used in a way similar to parallel channels. The main difference is that there are upper and lower bands which are set a user defined number of standard deviations away from a base line. This is a good tool to use to determine when a price is unusually far away from its baseline.
Every time the price has increased in volatility, the price has gone up to the higher part of the regression trend very quickly, and slowly came down again. This behaviour is amplified in the current period where we have extreme volatility. The price has also gone up a lot, and will probably cool down now to the bottom part of the channel.
The second part is that we see that after the drops the price has always trended up significantly, and prepared for the next sudden spike in volatility. We can monetize this situation by waiting for the price to drop again, and enter a long trade.
There is suddenly a lot of noise at the current time as well. The price is clearly extremely volatile. If we look at the Average True Range (an indicator for volatility) we see it has spike up enormously. That's why I expect history to repeat it self, and we continue this channel in the way described on the chart.
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Disclaimer!
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GBPAUD - SWING - 31. MAR. 2020Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Strongly waving market broke back into bearish shortterm trend.
4 HOUR
Sellers / Buyers indecision, great market to short at highs and buy at lows.
DAILY
Watch out for wicks taking out several holders, good short entries !
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FOREX SWING
SELL GBPAUD
ENTRY LEVEL @ 2.00640
SL @ 2.03100
TP @ 1.96120
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 4H LONGGBP/AUD May rise 100+pips
Insight: Price moving in an ascending channel just below resistance at 2.0355 Price is likely to continue upwards and hit resistance before reversing to support at 2.0163
Intraday - 4H
Trade: Buy
Entry
Buy or Above 2.0259
Target TP: 2.0355 & 2.0646
Pivot and Support 2.0163
Alternative scenario:
Trade: Sell
Buy or Above: 2.0163
Target TP: 2.0044 & 1.9948
Don't miss the great sell opportunity in GBPAUDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (2.0204). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 1.9967
TP2= @ 1.9745
TP3= @ 1.9528
SL: Break Above R2
Don't miss the great sell opportunity in GBPAUDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (2.0204). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 1.9967
TP2= @ 1.9745
TP3= @ 1.9528
SL: Break Above R2
GBPAUD Trading In Channel PatternGBPAUD Is Trading in channel pattern since very long time we can see further continuation of GBPAUD trade in channel one can trade the pair with channel support and resistance as stoploss for long and short side . one can trade for longer term when the price breakout of channel pattern only.
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GBPAUD Just Confirmed A Support Zone [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
The price just hit this support zone, and got a beautiful confirmation of the area. It looks like the support zone is maintained, and the price will no continue with a bullish momentum. The nearest resistance is just above the current price, and makes for a nice scalp.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!