GBPAUD
GBPAUD Bullish reversal emergingThis is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down:
As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel Down appears to have reached its bottom so it is best to book the profit on the sell.
The 1D MACD is about to form a Bullish Cross and the last such pattern emerged on October 04, four days after the previous Lower Low. As a result we are switching to a buy now with a modest short-term target at the top of the main Channel Down at 1.90000.
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GBPAUD: 2nd Swing Selling Opportunity! Dear Traders,
Hope you are doing well and enjoying the festive holidays.
GBPAUD the first entry that we took, it dropped successfully 560+ pips from our entry, though as price drop it leave behind LQ Void(gaps) in the market which is where will likely to be headed in coming days. Please wait for price to do some correction and then enter using small timeframe which will help you with entry precision.
Happy New Year In Advance :)
#GBPAUD: Reversal almost confirmed, will NFP have it say?Hey everyone,
FX:GBPAUD when we look at GBPAUD we have identify that GBPAUD is likely to drop price have rejected at the strong area on 3D timeframe, if we look deeper price have been in consolidation phase since last few weeks. One reason could be that institutional traders are waiting for NFP data to be published. Two areas for entries, firstly price can drop from here heavily since it has been consolidating since long; secondly that price can rise up to fill up fvg and drop.
please like and comment your views.
Simple zigzagHello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely
Simple Zigzag !! Or Bigger Corrective Structures??Hello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely
GBPAUD H4 | Heading into resistanceGBP/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target.
Entry: 1.87880
Why we like it:
There is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 1.89107
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level level
Take Profit: 1.86268
Why we like it:
There is a pullback support level
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GBP/AUD H4 | Rising into resistanceGBP/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.87666 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 1.89200 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level.
Take profit is at 1.86256 which is a pullback support level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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Longbow Opportunity on GADrawn from one of my better trading strategies. News, extremes, and broader techniques derived from my Secrets of Forex articles are at play. Buy, and keep buying into red. Close into green. It's made holiday simple.
DSMA and DSR act as better targets.
Always close within 4-6 range (on my chart time) if DSMA or DSR are not hit by EOD.
Merry Christmas you filthy animal.
GBPAUD Technical Analysis! BUY!
My dear subscribers,
GBPAUD looks like it will make a good move, and here are the details:
The market is trading on 1.845 pivot level.
Bias - Bullish
My Stop Loss - 1.8675
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.8874
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
#GBPAUD: Reasonable target with 400 pips! Dear Traders,
gbpaud distribution phase ended last Friday, price currently recovery from heavy sell off. Our target is reasonable as GBP is likely to gain back its strength as the week progresses. After looking at the last few candles of 1 hour timeframe, it is clearly visible that bullish momentum is increasing and price can reach the target in short time.
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GBPAUDPair : GBPAUD ( British Pound / Australian Dollar )
Description :
Completed Impulsive Waves " 123 " and making its " 4th - abc " Impulsive Waves. Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Lower Trend Line. It can Reject from Daily Demand Zone or Fibonacci Level - 78.60%
Entry Precaution :
Wait for Rejection or Retracement
GBPAUD My Opinion! BUY!
My dear friends,
GBPAUD looks like it will make a good move, and here are the details:
The market is trading on 1.8842 pivot level.
Bias -Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.8960
Recommended Stop Loss - 1.8789
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPAUD Short Reason for short:
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1. Liquidity grab $
2. Clear BoS
3. Imbalances at premium levels
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Entry:
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1. Instead of taking entries on Imbalances/OB. I use the 0.80 level of Fibonacci Retracement which is a deep premium level to take shorts.
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1. Entry price: 1.90981
2. Stop loss: 1.91741 (76 pips)
3. Profit target 1.87940 (304.1 pips)
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GBPAUD: Free Trading Signal
GBPAUD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPAUD
Entry Point - 1.8892
Stop Loss - 1.8827
Take Profit - 1.9018
Our Risk - 1%
Start protection of your profits from lower levels
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GBPAUD - Accumulation phase ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in accumulation phase as price is in a range for the last 2 months, so I expect we could see AMD pattern. Price to manipulate sell side liquidity and then to distribute higher for buy side liquidity.
Fundamental news: Next week on Wednesday will be released monthly GDP on GBP, on Thursday Unemployment Rate on AUD, as well Interest Rate on GBP.
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GBPAUD: Bears Will Push Lower
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPAUD chart which, if analyzed properly, clearly points in the downward direction.
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