Gbpaudlong
GBPAUD like a kangaroo..
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Recently price arrived at our targets long.
GBP sentiment is causing an upshift in price.
We are now dipping within our parallel channel and are long to the target area noted.
See arrows for this movement.
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....
GBP Aussie Long channel planDon't forget to Click the follow button for daily professional analysis, also please feel free to ask any questions you have!
Here we have our updated GBPAUD plan.
We are looking long on the GBP on this upmove as shown by the parallel channel.
Price direction is noted by our directional arrows.
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
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GBPAUD BUYING THE IMBALACELooking at gbpaud we can see an imbalance on the higher timeframe which could indicate start money (Big Banks) were in the market, which caused the down trend with out a pullback. Buying the imbalance as price has to fill up the IMB = Imbalance before price can continue the downward trend.
Crab Almost Complete 🦀GBP/AUD - Crab Almost complete, D point landing on the .886 of the Daily uptrend pullback (Very nice PRZ here lots of confluence)
Price may tap into the imbalance below before the continuation, it just made a fake move to the upside from the .786 i'll be waiting for price to hit my zone and watching for reversals on the LTF
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
GBPAUD SHORTS RISKY 📉📉📉Expect the price to colapse from this area, i call this a risky entry because we go against the major HTF structure. Price took out liquidity above weekly high and should reverse a little bit till imbalance fill h4. On a medium-long term perspective i will look only for LONGS there.
What do you think ? Comment below..
GBPAUD LONGS 📉📉📉I will entry LONG positions only if price will tretrace to the 1.85500 level, a lot of confluences are presented in that area. Market Structure BULLISH on a HTF, bullish orderblock h4 + imbalance fill. Also that zone is located in a discount market area on fibonaci that sets perfect LONG opportunities
What do you think ? Comment below...