Gbpaudlong
GBPAUD - Quick Analysis as on May 09, 2023This is the quick analysis of GBPAUD as on May 09, 2023 to plan your buy or sell trade setup. Use tight stop loss in both the scenarios. Do your own research before entering into the trade setup.
All major points can be seen on the chart itself
Thanks for your support
GBPAUD in ascending channelGBPAUD is moving in an ascending channel and has reached the bottom of the channel. This level also coincides with a previous resistance and the fibo level of 0.618. Therefore, the upward movement to higher levels can continue.
4H:
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UPDATE: GBP/AUD hit target 1 at 1.8789 still upside to comeInverse H and S formed and strong upside was shown for GBP
7>21 >200
Price is above 200MA
RSI >50 Higher lows
Target hit 1.8789
The trend is up and price is showing strong bullishness still.
We need to wait for the market to consolidate and prepare the next trade idea.
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and to take liquidity below equal lows and then to reject from bullish order block.
Fundamental analysis: Next week on Wednesday we have news on AUD, will be released quarterly and yearly CPI. Pay attention to the results in order to secure the trade.
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GBPAUD BUYSHello Traders I’m back GA updates, few weeks back I talked about GBPAUD bullish run so it’s time we can say the buys we have been waiting for has come pips target on this trade is around 279 pips so traders let’s take good advantage on this Trade. Happy Sunday guys . Tell me what you guys think about GA.
GBPAUD to find support at previous resistance?GBPAUD - 24h expiry - We look to Buy at 1.8510 (stop at 1.8455)
Previous support located at 1.8550.
Previous resistance located at 1.8700.
Trading within a Bullish Channel formation.
Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.8650 and 1.8670
Resistance: 1.8700 / 1.8750 / 1.8800
Support: 1.8550 / 1.8500 / 1.8450
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GBPAUD BUYHello Traders We are looking at GA Buys So Breaking it down Educationally For Understanding So On The Daily TF We Noticed Price Creating HH And HL Even Before That GA is Currently On A Bullish Trend, so Price Broke Out A Resistance Making that Level a New Support Level Which Is Our Higher Low (HL) So Before We See A Buy Moves We Wait For Price To Retest Our HL Level So Let's Wait Patiently. Thanks Drop A Comment On What You Think About GA
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: We have news events on GBP on Thursday 13th of April, will be released monthly GDP which is forecasted to be lower than previous month, this can support our retracement, as lower GDP means weakness of currency.
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