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Gbp_aud

gbp/aud headed for 2.00+The 4/20 low for the pair marked the beginning of an impressive rally which has no signs of waning. Smashing through resistance areas is the mark of this pair, but more severe resistance is approaching. The 2/16-2/19 swing that marked the start of the selloff before the bottom is getting closer. If price resistance in the 2.0175 area (assuming price goes there) breaks, we can see much higher prices. The BOE's monetary statement was uninteresting (holding their breath for a possible Brexit) the greatest obstacle to a weaker GBP/AUD is behind us. For tomorrow and next week there are only a few significant economic announcements, and I see this pair continuing its advance. There is a growing bearish sentiment that may contribute to a short squeeze higher as well.
Long
by positionforex
$GBP/AUD MIDAS ROCKET SCIENCE ANALYSISThe TopFinder have now reached its burnout-point (100% of cumulative volume or "fuel" used up) and a T.D Price Flip have been generated (TD-Combo 13 Countdown). Price is now expected to pull back to the MIDAS Support Curve (S1) for further gains to the upside as the order-flow of GBP is positive and AUD is negative . The MIDAS TopFinder is not programmed into TradingView so here is a screenshot from my MT4 Platform. Here is the link to how the Daily Currency Strength (Order Flow Analysis) is measured.
Long
by Carl_G
GBP/AUD WEEKLY-DAILY 2.0500 TECHNICAL TARGET PROJECTION As a 95% purely technical analyst, a strong belief of 'proper technicals paint a vivid picture in the FX market' is one that has been integrated over the time of extensive self studies in order to perfect and predict the next market movement.. Another strong market philosophy is the implementation of multiple confluences (mainly target confluences). By utilising the laws of Price Action, the traders thought processes can now be aligned with the markets medium-long term potential profit taking zones, however this is only a fragment of market analytical success as the data from ALL timeframes need to be crunched in order for the Risk-Reward ratio to make SENSE for the longevity of your profitability. The technical artwork displayed on the Daily GBP/AUD is self explanatory... the FIRST factor which is very evident is the higher highs and higher lows. The weekly Fibonacci point A does indeed go quite some time back (lows of April 2013 ...with FIB B snapped onto the highs of jan 2014.. FIB C weekly Retracement was confirmed at 1.7388... and there is now a 85-90% chance that -27% FIB D Extension (orange horizontal line) 2.0500 ALTHOUGH...the bias is BULLISH and a target zone has been established, this pair can still perform pullbacks before breaking and closing above 1.9175..this could go hand in hand with my AUD/USD analysis...slight pullback on both pairs before resuming the Weekly/Daily trend. Target confluences: -Flag Pole extension -Range height alignment with historical key levels -Fibonacci D extension (weekly) -2574 PIP up move expected from FIB weekly C Retracement (1.7388) Use this overall analytical projection in line with your current trading knowledge and initiative... enjoy :D
Long
by EzraCapital
9
GBP/AUD 4H Trend continuation setup (short)GBP/AUD 4H Trend continuation setup (short) We can see price making lower low (new structure low) and that signals contiunation of the trend. Major daily structure is way lower and that tells us that price will drop down lower to that structure and retest it. PRZ is quiet large and i would take it at the top of it because of risk:rward ratio. If price will not be hit i will simply skip that trade. Stop loss above previous structure. Targets at retest of previous low. For more agressive trade you can put targets at extension 127.2% of last swing high to swing low.
Short
by AcademyInvestment
GBP/AUD 4 Hour Long short playI believe we will see a break of resistance at the 1.8239 area with a target of 1.83486. This is backed up by the fact that the channel we are currently in is bullish and has been for some time, the entry was determined by confluence of the 618 fib retracement level and the long standing support/resistance we have at 1.81784 which was recently rejected 3 times. We are also setting up the BC leg of a gartley or bat pattern (although I'm not yet pro at these so who knows if I'm drawing them correctly). Between the 1.83486 and 1.8398 levels I believe price should reverse to around mid way in the channel before resuming it's bullish movement. Of course anything past my current long position is currently only speculation. Current trade Risk/Reward ratio is 3.73 and I will be adding to the position if this resistance is broken with a strong move.
Long
by blackgordongekko