GBPAUD SHORT TRADEFalse breakout occurred on GBPAUD pair after reaching supply zone at level 1.9754
MACD shows bearish momentum
RSI is in downtrend
We r waiting breaking support level at 1.9655 to open short position
First target will be at key level 1.9418
then second target will be at demand zone at level 1.9187
Gbp-aud
GBPAUD POSSIBLE PULLBACKHave been greatly debating if i should post this setup this week.
We are at a very unique and critical entry level due to last weeks high and this monthly supply we are testing.
I understand we can even go flying from here onward but reward v risk will due the job.
Please message me with any questions tips or suggestions! -CO
GBPAUD SHORT TRADEFalse breakout occurred after reaching supply zone at level 1.9758
and confirmed by bearish engulfing candlestick pattern
RSI shows negative divergence
MACD shows starting of bearish momentum
It's expected for coming strong bearish wave to target demand zone near HVN at level 1.9255
GBP/AUD ShortHello !
My idea for you is really nice, the trend it against us but 2 technical indicators that can made us to gain profit.
In the daily frame, price hit an important area from June 2016.
On 4H time frame, the pair hit the top of the fibbonaci level, on 31 January, price test that level and failed.
You can enter in this trade on the following price : 1.97120.
Please set STOP LOSE @ 1.97300 - money management it important.
TAKE PROFIT level @ 1.95227
Keep in mine, this trade is 5 RR+ but you need patience !
Have a great night and thank you for you time !
GBPAUD off of the ROAD. Short and long entry.In this analyisis we expect: the first one and the most important is the KL, the acumulation in our weekly Key level has been too much poor so we expect that the value needs to arrive again to this zone before the rise. In the other hand, we have a simetric triangle so we will wait the fake out before the entry, but first we need this acumulation in the weekly. The other possibility is that after retest the uptrend, the value rise, but the accumulation in the KL is most possible. We also see that all the values love to retest in the 61.8%.
GBPAUD Daddy LONG LegsPrice on GBPAUD has been bullish since June of 2019, and has been on a healthy run to the upside since Jan 2020. Price peaked at 1.975xx and then dropped sharply to 1.926xx before dropping to 1.917xx just above major support. I believe that the current consolidation that has been accumulating since Feb 7 will produce another leg to the upside, at least to clap the previous high at the 1.94 mark. If we break above 1.94, then 1.96-1.97 are on the table for a double top at previous high. For this set up, I'd suggest stops below current support that has been tested nearly 4 times now at 1.9215. A true sell of will be a violation of the 1.911xx zone (break and retest. The I will consider this pair bearish. As of now, we have a long term uptrend still in tact.
Best of luck.
GBP/AUD-4 Hour time analysisHello everybody!
-On 4 hour time frame we can see that price is bouncing off support line,we can see lot of rejections on that line.On daily time frame we can see that blue resistance line that is now support,that is resistance line of ascending channel and it is very solid rejection line.
-The price is under 100 EMA so we can see if 100 EMA is going to test and reject the price,if we get rejection then we can consider 100 EMA as some kind of resistance .
-On 4 hour base GBP and AUD are on similar level while on daily base GBP is weaker than AUD.
-I recommend to wait and see which pair will gain more power and take control.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-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
GBPAUD: On Its Way To Support
though many traders have already started buying gbpaud,
I believe that after a new higher high formation and test of the resistance of the rising channel
it may drop lower.
the first level on my radar is 1.91 support.
we have a perfect match of a structure on the left, 618 retracement of the last leg of a move and support of the rising channel.
this level gives a perfect swing trading opportunity for us.
we will see how it unfolds.
good luck!
GBP/AUD-4 Hour time frame analysisHello everyone,I want to share this with you!
-On 4 hour time frame we can see that price formed nice head and shoulders pattern and we can see that the price retested few times support line(neck line).
-Head and shoulders is bearish pattern so that means that price may continue in bearish direction but if we have more rejections from that support line we may expect bullish movement.
-On daily base we can see that AUD is stronger than GBP,AUD is at 88 level while GBP is at 59...If AUD remains stronger we can expect bearish movement and if GBP gain some power and AUD lose some power we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-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
GBPAUD SHORTH&S 4HR, Price violated previous HL and created LH to LL indicating the market is in a bearish environment.
There was a liquidity pool to left which was filled last week, price broke above retail "resistance" taking the stops and now there is a high probability that price will move to the downside.
Follow me for more trade ideas
GBPAUD: Bullish fractal.GBPAUD is consolidating after the 1.9150 bottom.
Levels to watch:
- The Resistance is at 1.9750 and the Support at 1.9150.
- The MA50 on the 4H chart rejected the first upside attempt and the price is now attempting the second one.
- The MA200 may provide support near the 1.91500 level.
- The RSI is repeating a sequence previously formed after a bottom. This strengthens the bullish case.
- The MACD has turned bullish after the 1.9150 low.
Projection:
- Based on the bottoming sequences on the 4H RSI and MACD, it seems like GBPAUD ahs hit a local low and once a candle fully closes above the 4H MA50, it may repeat a 2.50% rise. If the Support breaks though it should seek contact with the Higher Low trend line.
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GBPAUD - FOREX - 10. FEB. 2020Welcome to our weekly trade setup ( GBPAUD )!
-
1 HOUR
Bearish market and prices action.
4 HOUR
Found its support now and is looking for an upside pump.
DAILY
Great long entries, prices very low and at our support zone.
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FOREX SETUP
BUY GBPAUD
ENTRY LEVEL @ 1.92940
SL @ 1.91120
TP @ 1.96590
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN