Gbpaud pulling back for potential more upside?***************************************************************************************
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Gbp-aud
GBPAUD, H1 | Bearish Breakout OpportunityPrice is hovering just above a major support at 1.7739 - if this level is broken, it could trigger a bigger move all the way down to 1.7628 which is an overlap support and a 50% Fibonacci retracement.
There is also a strong bearish ichimoku cloud acting as momentum for price to be pushed down further.
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GBPAUD to form a higher low?GBPAUD - 24h expiry - We look to Buy at 1.7700 (stop at 1.7640)
Previous support located at 1.7700.
Previous resistance located at 1.7800.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.7800 will confirm the bullish momentum.
Our profit targets will be 1.7850 and 1.7880
Resistance: 1.7800 / 1.7900 / 1.7950
Support: 1.7700 / 1.7650 / 1.7600
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GBPAUDHi guys!"
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
GbpAud Bias to short More of a bias to short this pair...
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GBPAUD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPAUD is overall bearish trading inside the blue channel, and it is currently approaching the upper blue trendline.
Moreover, the zone 1.76 is a strong resistance zone .
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper blue trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPAUD is sitting around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPAUD right for you if u like playing range for now...
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GBPAUD The key is the 1D MA50The GBPAUD pair is consolidating around the 1D MA200 (orange trend-line) after almost a 1 month non-stop fall (since December 21). The next Support level is at 1.73500 and if broken we will extend selling towards the 0.786 Fibonacci level at 1.6878. Then reverse to long-term buying targeting 1.8600 (below the -0.236 Fib and the Higher Highs trend-line).
If however the price breaks above the 1D MA50 (blue trend-line) first, we will abandon selling and take the buy break-out instead, having the same 1.8600 target.
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GBPAUD Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for GBPAUD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.76732, where the 23.6% Fibonacci line is and also to potentially form a triple top formation. Stop loss will be at 1.78500, slightly above where the 38.2% Fibonacci line is. Take profit will be at 1.74808, where the previous swing low is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPUAD Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for GBPAUD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1.766340, where the 50% Fibonacci line is. Stop loss will be at 1.784960, slightly below where the 50% Fibonacci line and where the recent high is. Take profit will be at 1.745640, where the previous swing low is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.