Gbpaudlong
⁉️ GBPAUD - Market AnalysisHello traders!
⁉️This is my analysis on GBPAUD .
Here I expect bullish price action as price failed to make another lower swing and rejected from institutional big figure 1.69000. After that price broke the structure and started to form higher highs and higher lows. My target are imbalances above.
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GBPAUD BACK TO CONSOLIDATION ZONESo price got messy and didn't respect the push up we simply got a pump and now price is back in a much easier zone. The next level ill be watching for buys is 1.69400, if we see rejection from here once more ill be look at taking advantage for a long back to 1.7 at least.
GBPAUD*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Only for educations purpose.
GBP/AUD Easy Long Setup To Get 200 Pips At Least !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPAUD BULLISH OUTLOOKAustralian dollar fell after building approval data came at -17%, while only -5% was expected.
GBPAUD had broke the resistance of the falling wedge pattern. RSI is above 50 and MACD histogram is above 0 line, plus the instrument is above both its 20 and its 50 MA, which is a bullish scenario.
If this scenario continues, we might see increase of the instrument's price to 1.715, the alternative scenario is the price to return to the falling wedge support at 1.687
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GBPAUD longThis is my breakdown gbp/aud after observing it for weeks.
I have been patiently waiting it to hit my diagonal the weekly support ray.
Looking at the 4h timeframe, i think it will hit the line by the end of the day or before.
Will moniter price action at the 15min chart, and look for rejection and conformation before taking a long trade.
The daily price range is 1500 points, and expect it to react at the line and go bullish.
FxBeams
Is It Time To Start Buying GBP/AUD ?? Detailed Analysis Today's trading idea is a LONG setup on GBPAUD.
Currently we have entered a Monthly demand zone from 2017 and approaching a weekly demand zone also from 2017 as pictured above. The weekly zone is untested the price range being from 1.691 - 1.664 it is highly likely price will drop down into this zone very soon as it's about to breach the 1.70.
On the 4hr chart pictured above we are already starting to get divergence signals on the MACD as we edge closer to the Weekly demand zone this is evidence selling momentum is starting to slow as we approach this area. What I expect to happen is a fast drop into this zone.
How I will enter this position is waiting for a MACD divergence signal to occur on 4hr or daily charts or wait for the same signal to occur on my custom indicator.
Profit Target for this position will be around 1.75 which is the weekly supply zone that caused the breakdown to the new low in the current trend.
Stop loss will be well below 1.66 and if a clean break and close of this level happens trade is invalidated.
Price will likely ebb and flow inside the weekly level making good opportunities for short term BUY trades every time price creates a new low or BUYING at the bottom on a range when it forms.
I will also look to enter a SHORT term daily position today below 1.70 if similar entry signals occur on the 15/30min charts with a STOP LOSS around 40 pips and a target of 1.71.
Hope you enjoyed this breakdown
GBPAUD indication for long 12th & 15th daily bars formed two bar reversal. 15th August bar is key reversal bar as well made a new low low, broke 12th August bar high, closed towards the high. weekly bar is inside as well. use low risk for long, add more if dip more down i.e 1.7030. stop loss 1.6990, target 1.7360.