Gbpaudanalysis
GBPAUD potential bulls takeover?Looking to see if the price can find a support around where the purple line is. We can see the price has found a resistance around the 1.86200 mark, however sell positions have been slowly been taken out and the resistance is getting weaker. If the price does break that resistance we can see there is a low traffic area into the highs.
GBPAUD Overview week commencing on the 13th Dec. 2021Weekly chart - closed strong bearish engulfing 2 weekly candles. Could still some bearish for this week.
Daily Chart - broke minor level of support came back around the area of previous resistance and rejected (could we come lower or potentially start raging?)
Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support.
H4 Chart - Previous level of support broken and being retested a potential resistance now, in line with 38.2% Fib level.
30m Chart - ABC corrective (just reach TP level and new level of resistance established), 2 approaches can be taken:
Aggressive approach: if a double top scenario happens then short at the double top!
Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting
Follow up as the week goes on....
GBPAUDHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPAUD view with S & R
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 Advice.
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have a good profit day guys
GBPAUD SHORT - Sell Entry - D1 ChartGBPAUD SHORT - Sell Entry - D1 Chart
Symbol: GBPAUD
Timeframe: D1
Type: SELL
Entry Price: Sell @ Market
Stop Loss: 1.87858
Take Profit: 1.82551
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
GBPAUD LONGS 📉📉📉I will entry LONG positions only if price will tretrace to the 1.85500 level, a lot of confluences are presented in that area. Market Structure BULLISH on a HTF, bullish orderblock h4 + imbalance fill. Also that zone is located in a discount market area on fibonaci that sets perfect LONG opportunities
What do you think ? Comment below...