Get started

Gbpaudanalysis

GBPAUD: Its a TRAP!🎯Many assume that more touches of resistance make it stronger, this is far from the truth. Since the resistance is so weak, I would like to see the zone breached. BUT first, we must trap the sellers by breaking the trendline. Once they have been lured in we can consider buying up into the main supply. 😍 Traders, if you have your own opinion about this idea, write in the comments section, I always reply. RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
17
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....
Short
by Inacio_1998
GBPAUDHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions 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. Please support this idea with a like, if you find it useful have a good profit day guys
Short
by Bexi03
2