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Gbpaudforecast

GBP/AUD - SellMonthly: 1. Impulse 2. Complex correction 3. Break of correction with new impulse Now the price is make correction and is very possible to see 3rd touch of trendline. If 3rd touch happend with nice bearish candle I will sell. Weekly: 1. Last week the price close like Doji candle 2. Break of neckline without pullback for test Expect a little down drop. How to predict to where the price will drop? Well if I add fibonacci from the high to the low where 38.20% Fibonacci level will align with the neckline I can understand. 0.00% Fibonacci level align perfectly with lower low in the past from where the price is jump to the upside. Daily: 1. Impulse 2. Double bottom formation / not completed for now/ Double bottom formation is trend reversal pattern. 4H: 1. Impulse 2. Complex correction 3. Break of correction with new impulse Now the price is make correction and is very possible to see 3rd touch of trendline. If 3rd touch happend with nice bearish candle I will sell.
Short
by Trader_Petrov
GBPAUD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/AUD TREND ANALYSIS We have 1 Downtrend in red color (Internal) We have 2 Uptrend in green color (Internal Uptrend and long term uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPAUD long forcast Given the downtrend in the pound and resistance in the 1.8540-1.8660 area, I think there is a good opportunity to sell, just the important point is The approach of the Christmas holidays and the downsizing of transactions may prolong the trend. On Thursday, December 16, the British interest rate will be effective. GBPAUD SELL entryzone : 1.8540 stoploss:1.8700 take profit 1 :1.8390 take profit 2 :1.8278 take profit 3 :1.8140 take profit 4 :1.7997 -------------------------------------------------
Long
by ehsankhyr
GBPAUD push higher from 1.81690 handle Hi all Been very inactive lately, let's secure a win with this trade.. 1. Key price point (Whole numbers) 2. Last time price touched the 1.81690 handle it created a crazy bullish momentum.. 3. Support 4. The continuous downward moving trend requires a hefty pullback for any more continuous movement to the downside.. This is so the market can remove any selling pressure. 5. It aligns perfect with the 200 moving average on the 4hrly and 50 moving average on the daily timeframe ... 6. Our reverse engineered indicators have shown us this pair is heavily oversold. This trade will last a few days unless fundamentals push price higher.. It's ready for a pullback on the daily timeframe and we should be the first to capitalise on this... Entry: 1.81690 Potential pip gain 300 - 400 Stop loss; 41 pips.. Please understand that this is not financial advise, this is based on a calculated move we anticipate that could happen within the GBPAUD market. Kind regards Saif
Long
by MoneyMaliks
1