Gbpaudlong
TRADE UPDATE GBP/AUD looking good for upside!Inverse H and S formed on GBPAUD we had bullish indicators.
7>21
Price>200 - Bullish
RSI >50 Higher lows
The trade is playing its course and as long as the uptrend support level holds, it's good to keep.
Target 1.8789
If the price breaks below, I would raise my stop loss to lock in profits.
GBPAUD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. Price started the retracement which we can see better on 1H timeframe, I expect the continuation of retracement as we have and imbalance lower that can be filled and if price rejects from bullish order block + institutional big figuer 1.80000, I will open a long position.
Fundamental analysis: On Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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GBPAUDHi
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
React don't say it must look at GBPAUD Hello #letsdothis
We had GA to drop to 1.8 area but look it was a retracement we wanted and it DID retrace but not UpTo the area we predicted (most of us)
I would suggest don't trade the counter trend if you don't want to be whipsawed while in trades let's be patient to react to what GA want to do
NB nothing is guaranteed in the market don't say it must do this it won't and you'll have to explain why it didn't 😂 market does what it wants
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPAUD .
Here we are bullish from H4 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 + institutional big figure 1.80000.
‼️Attention!!! Due to the fact that we have news events on GBP on Tuesday and Wednesday, the analysis can be invalidated.
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GBPAUD to find support at previous resistance?GBPAUD - 24h expiry - We look to Buy at 1.7875 (stop at 1.7815)
Previous support located at 1.7900.
Previous resistance located at 1.8000.
Price action has stalled at good resistance levels and currently trades just below here (1.8000).
A lower correction is expected.
Dips continue to attract buyers.
A move through 1.8000 will confirm the bullish momentum.
Our profit targets will be 1.8025 and 1.8055
Resistance: 1.8000 / 1.8100 / 1.8150
Support: 1.7900 / 1.7875 / 1.7800
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GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPAUD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
‼️Attention!!! Due to the fact that we have news events on AUD next Tuesday and on GBP next Friday, the analysis can be invalidated.
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GBPAUD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. We can see that price filled perfectly the imbalance and rejected from bearish order block + institutional big figure 1.78000.
‼️Attention!!! Due to the fact that we have news event on AUD upcoming week, the analysis can be invalidated.
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Yemi_Fx1 | Long for GBPAUDOn this Pair previously price has make an impulsive, correction movement. Currently it's in a phase of correction in the form of a tight flag pattern. Anticipating for an upward movement.
I'll be considering
A Risk entry type at the bottom of the flag structure at an area of value.
Reduced risk entry after the impulsive move followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
GBPAUDThe 1.75091 resistance level on GBPAUD has been a solid zone so far, as it has withheld series of price spikes and test but I see a break of the zone this coming week after price closed within the zone last Friday.
We look for buy opportunities around the zone for an 100pips buy up to 1.76000.
Trade safely guys!