Gbpaudbuy
GBPAUD - UPDATED FOR YOUGBPAUD has retraced to Fibonacci retracement
level of 0.618 and seems like could extend to 0.5 fib retracement.
this would create an ABCDE.
Overall i am still expecting this to fall lower but this
could be a nice retracement to capture some profit also
See previous analysis
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GBP/AUD, indicators on greenHi guys !
Before a new week, this is an analysis on GBP/AUD (H4).
The MACD and RSI are looking very good for a pump in the next week. There is a resistance around 1.8285, if this resistance is broke, the GBPAUD can reach 1.84685.
This is a short idea, be careful !
Thanks for your time.
Anthony
Kenji signals: buy GBPAUDToday, the indicator "Kenji" on the daily GBPAUD chart generated a buy signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of GBPAUD is currently in the active uptrend phase (the area between the fast and slow average is colored blue). At the same time, current prices entered the buy zone, which led to the formation of a "buy" signal. This long position remains relevant until either the market conditions change (for example, the uptrend changes to flat or downtrend), or a signal to close it appears (a blue cross indicating a strong divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, frequent changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a very useful tool both for novice and experienced traders.
GBPAUD LongGiven the strong bullish sentiment on GBP recently despite a slight uncertainty regarding BoE's rate hike on May, and bearish sentiment on AUD mainly due to the trade war happening between US and China, setting up a buy stop order near 1.85 with TP @1.90 and tight SL near last Friday's low @1.82.
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Daily:
Weekly:
Confidence: B (with holy week coming soon and being the end of the month this week, there might be some consolidation, hence risk of getting stopped out instead if pair decides not to move past 1.85 and reverses -- as illustrated in the weekly price action arrows above)
GBPAUD BUY the pullback Hey Guys,
This chart is showing a strong up trend movement has broken out the resistant level.
Hence, i believe this trade will have a minor pull back followed by a upward surge to the 0.618 level.
T/P1 at 1.8365
T/P2 at 1.8878
R:R 4.9
Please don't trade more than 2% of your capital
Cheers!
>> GBPAUD << March 5th >> Long „Swing“ Setup <<Hey Guys and Welcome,
„GBPAUD“ retraced over 60% of previous „Week“ price action, we are following „Mid“-term Trend with a good RR.
Price forming several HH and HL, new low created last week on Wednesday, we´ll see price pushing upside forming new Highs.
Short-term downside trend under heavy bullish pressure.
Long: 1.77620
Sl: 1.76679 (95 pips)
Tp1: 1.78750 (115 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week!
Alan
GBPAUD at crucial resistanceSimple chart on GBPAUD 1 hour time frame. This resistance has be tested 3 times so far. Keep a close eye on a possible break-out. The current candle seems to close at the resistance. If it gets rejected again it will be an easy 80-120 move down. So keep an eye on it because of the 1 hour candle closes above it then its a buy ofcourse.
GBPAUD 200 pips setupGBPAUD is still fighting the same resistance and seems to fail to break it. It's now a nice opportunity to sell it with a stop a bit above the resistance. All though the focus now is on selling, a good break of this resistance will be a buying opportunity, so keep your stop in place and be versatile and ready to buy. But for now sell.
Open: around 0.7124
TP: 1.6880
SL: 0.7170