Get started

Gbpaudlong

GBPAUD: Its a TRAP!🎯Many assume that more touches of resistance make it stronger, this is far from the truth. Since the resistance is so weak, I would like to see the zone breached. BUT first, we must trap the sellers by breaking the trendline. Once they have been lured in we can consider buying up into the main supply. 😍 Traders, if you have your own opinion about this idea, write in the comments section, I always reply. RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
17
GBPAUD Ascending wedge, bullish breakDaily TF Ascending channel bounced from Ascending trendline. In the 4Hr TF price again seems to be on ascending channel, which bounced from the bottom impulsively, but now is stuck in an ascending wedge on the 1Hr TF, looking for a break in price to the upside followed by a corrective move in the lower TF in order to get an entry. SL bellow the LTF correction formation and TP at the last swing high... However, trade must be managed, as always it should be, since as well that the last big impulsive move was done as bearish.
Long
by GonzeeTrading
GBPAUD LONG TERM BUYSBased on HTF POI we have a BOS on our daily Timeframe where i am looking to go long from as we are in our discounted price area where we only look to buy. I have two entries for this trade which are at my 100% and 50% of my daily order block, because we have equal highs on our daily i will be targeting that equal highs and closing my trade once it get to that level and liquidity is grabbed. Risking 1% for this trade. stop loss of 62 pips and a take profit of 602 pips.
Long
by Ansaaf_MMXMZA
GBPAUD Overview week commencing on the 13th Dec. 2021Weekly chart - closed strong bearish engulfing 2 weekly candles. Could still some bearish for this week. Daily Chart - broke minor level of support came back around the area of previous resistance and rejected (could we come lower or potentially start raging?) Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support. H4 Chart - Previous level of support broken and being retested a potential resistance now, in line with 38.2% Fib level. 30m Chart - ABC corrective (just reach TP level and new level of resistance established), 2 approaches can be taken: Aggressive approach: if a double top scenario happens then short at the double top! Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting Follow up as the week goes on....
Short
by Inacio_1998