Gbp-aud
GBPAUD - FOREX - 02. MAR. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish break towards support zone.
4 HOUR
Overall bullish market with a pullback now.
DAILY
Great long entries and risk reward on this one.
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FOREX SETUP
BUY GBPAUD
ENTRY LEVEL @ 1.95060
SL @ 1.93650
TP @ 1.97850
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
This time we gonna nail this gbpaud down !! mua hahaha :D on the 2nd of feb we managed to get a nice sell signal on gbpaud ., now we have another chance to sell gbpaud , our trade signal is for monday night 2nd march . we will look for selling opportunities. we can use a tight sl just above the top level around 1.99.
we also witnessed strong bear divergence on euraud chart , and we dont have any divergence on eurgbp so we believe that gbpaud will be great trade.
wish you good luck and happy profits .
Don't miss the great sell opportunity in GBPAUDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.9655). 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 60.
Take Profits:
TP1= @ 1.9522
TP2= @ 1.9343
TP3= @ 1.8765
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 (1.9655). 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 60.
Take Profits:
TP1= @ 1.9522
TP2= @ 1.9343
TP3= @ 1.8765
SL: Break Above R2
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
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