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Gbpaudlong

GBPAUD approaching 1st support, potential bounce!Price is approaching 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and ascending trendline support. We could see a bounce and further upside towards 1st resistance, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching support where price has bounced from in the past, showing signs of bullish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
GBPAUD facing bullish pressure | 30th June 2021GBPAUD is facing bullish pressure, as it continues to hold above ascending trendline and moving average support, in line with our bullish bias. We could potentially see price bounce at Buy Entry, in line with 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and rise towards Take Profit, in line with 100% Fibonacci extension and horizontal swing high resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
GBPAUD facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports, in line with our bullish bias. We could see further upside above 1st support, in line with 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, towards 1st resistance, in line with 100% Fibonacci extension and horizontal swing high resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
GBPAUD bullish breakout, potential for further rise!Price has shown a bullish breakout from the descending trendline resistance-turned-support, and is now holding above the moving average support as well. We could see a further rise above 1st support, in line with 50% Fibonacci retracement and horizontal overlap support, towards 1st resistance, in line with 78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
GBPAUD long find momentum 📈💪Working our H1 GPBAUD strategy here. Last sell hit take profit target and now today's long is starting to gain traction. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
GBPAUD long reversal trade 📈⬆️A lot happening with GPB today. Our RSI reversal strategy has presented a long trade on GBPAUD. This is a new strategy script we are trialling at the moment. Last trade included on the chart to show how this works. New trade details are shown on the chart and we are working the 15M time frame. Take profit is the green line. Pink line is stop loss. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you.
Long
by pow_removetheguesswork
GBPAUD approaching 1st support, potential for further bounce!Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support and ascending trendline support. We could see a bounce here and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Stochastics is also testing the support where price has bounced in the past, showing signs of bullish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
GBPAUD OVERVIEW for the week commencing on 21st June 2021Weekly Chart Closure - strong bullish momentum on candle closure, creating an morning star pattern on the Weekly chart. Daily Chart - currently in an uptrend, market wicked to 38.2% which is in line with previous level of resistance (which the projection now would be -27% which is around the 1.86000 area). H4 Chart - Break of small range area to the upside, showing signs to continue bullish momentum. 30m Chart - in a uptrend retraced 50% and rejected projection would be -27 (1.85500), ideally would like to see another touch of the support level to try and get involved with the long opportunities or see a break of the resistance level and a pullback after that.
by Inacio_1998
GBPAUD - BULLISH BIASGBP - Weak Bullish 1️⃣ According to UK’s Public Health officials, the Pfizer and AstraZeneca vaccines are only 33% effective against the Delta variant after a single shot. However, the effectiveness of both vaccines improves to above 90% after two doses. 2️⃣ Focus are now will be on fresh macro updates on jobs and retail sales - both expected to be GBP supportive. AUD - Weak Bearish 1️⃣ Investors this week are expected to be cautious ahead of the FOMC meeting and avoid putting money in high-yielding countries. 2️⃣ Recent disappointment in AU business and consumer confidence. ===== Technical ===== We are buying the GBPAUD at support + SMA 50 + pivot point on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
GBPAUD reacting above 1st support, potential for further upside!Price is reacting above 1st support, which is in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal overlap support. We could see further upside above this level, towards 1st resistance, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance. Price is also holding above the moving average support, in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
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