GBPAUD - Pull & PushI will be monitoring price action around market open to determine whether or not this trade is valid.
I would like to see a slight pullback into the order block before we target the break and re-test liquidity.
Gbpaudlong
Went Long on GBPAUD I am long on GBPAUD.
Price is currently in the Monthly/Weekly Demand zone.
Price has been on a steady uptrend forming higher highs and higher lows.
Price has also been respecting the trend line.
After the sell off price formed a potential reversal candle, and found support at the monthly/weekly demand zone.
GBPAUD nice Short term and Swing tradeEntry can be taken after the market's open at 62% or 70.2% fib retracement level.
GBPAUD WEEKLY FORECASTGBPAUD CURRENTLY IN BOTTOM MOST TRENDLINE AND LOWER SUPPORT ZONE WAIT FOR 4HR TRENLINE BREAKOUT AND THEN GO LONG...
IF IT FAILS TO BREAK THEN GO SHORT.
GBPAUD Long Analysis Hey traders, here is the analysis for the GBPAUD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
GBPAUD: buy nowPrice retesting an important trendline and making a higher lower. Time to buy and hold till next week for more pips. Make risk properly!
GBPAUD - LONG POSITION (8HR)CONFLUENCES:
- Rejection of 50 EMA
- Rejection of 78% Fib levels
- Break out and retest of the larger pattern
- Spinning top formation signifying a reversal
- Bullish market trend confirmed by EMA crossover
GBPAUD facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above the ascending trendline support, and Stochastics has also just reacted at the lower 7.49 support level where it has reacted off before. We could potentially see a bounce and further rise above 1st support, in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support and ascending trendline 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.
GBPAUD LONGGBPAUD LONG FX:GBPAUD
Long after a break and retest of previous horizontal support looking for buys tomorrow
GBPAUD Bullish sentimentAs we can see, price has left pockets of liquidity and making highs after last week's price run higher.
We expect Friday's Low to be taken out before price runs higher to continue the bullish trend. We can also see an unmitigated bullish orderblock situated in a Daily Fair Value Gap and just below the 50% fibonacci level on the most recent & impulsive swing high. If price reaches this our point of interest, we will be looking for a buying opportunities.
Enjoy
GBPAUD - LONG IDEA (UPDATE)Multiple chart patterns confirmations and chart indicators - Technical Outlook
1. Ascending Triangle
2. Inverted Head & Shoulders (Market has already retraced after the breakout)
3. Fibbonacci Retracement at golden zone (0.618)
4. Fibbonacci Expansion Take Profit Level is also a major key level.
6. Market Retraced to 15 EMA (used for scalping) - note that I do not have EMA displayed as I'm using a free account.
7. Monthly Chart Double Bottom
GBPAUD - LONG IDEA Multiple chart patterns confirmations and chart indicators - Technical Outlook
1. Ascending Triangle
2. Inverted Head & Shoulders (Market has already retraced after the breakout)
3. Fibbonacci Retracement at golden zone (0.618)
4. Fibbonacci Expansion Take Profit Level is also a major key level.
6. Market Retraced to 15 EMA (used for scalping) - note that I do not have EMA displayed as I'm using a free account.
7. Monthly Chart Double Bottom
