Gbpaudlong
GBP/AUD Approaching SupportLooking for this to turn higher at the current support level. Keep an eye on MACD and EMA's and possibly 1HR timeframe as well for the point that this holds up before turning higher. Its possible to slightly overshoot the blue line I have drawn in around 0.382 Fibonacci before turning.
Setting target at the previous high of 1.80100 for now. Need to see that resistance break before aiming higher.
GBPAUD - BULLISH BIASGBP - BULLISH
1️⃣ Hopes that the UK could ease lockdowns sooner than expected due to the country's fast deployment of Covid-19 vaccines.
2️⃣ British inflation rose a little more than expected in January.
3️⃣ The pound has also been supported this year by lessening expectations of negative interest rates and a post-Brexit trade deal with the EU.
AUD - BEARISH
1️⃣ Negative in risk sentiment undermined the antipodeans.
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Technical
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We are looking to buy the GBPAUD on support + above SMA 50 on the H1 chart.
GBPAUD long SWING TRADEConfluences:
-W pattern
-Price respecting fib levels
-Price re-entered previous daily trendline
-Enter on continuation with a buy stop
-Good Risk-Reward
-AUDUSD hasn't retraced in a while so weak AUD should correlate with GBPAUD going higher, also the pound has been really strong lately
-Take profit will be in the second zone, I'll take partials at the first zone
GBPAUD push to 1.78000 handle then move higher to 1.81000Hello,
I have a few reasons why I forecasted this exact trade but I won't be giving away all my reasons. We use an algorithm in-house which takes a laggy indicator and reverse engineers the indicator to match 90% of market conditions. This allows us to be very accurate.
I have forecasted this very rewarding trade and the potential to the upside is huge. I will be continuously be monitoring the pair once it has entered my buy position and be adding to the comment section as we go on.
If you have any questions (I would post my instagram handle, however I got into trouble for doing that LOL) Just message me on trading view and I can see what I can do.
40 Pips stop loss
300 Pips take profit.
Entry: 1.78000
Enjoy
Saif
GBPAUDHello Guys Welcome back to another profit Day
If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPAUD broke the channel support and will be falling down to A
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit day guys
GBPAUD - SWING - 10. FEBR. 2021Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Bullish price action and closure above main sr level.
4 HOUR
Overall strong market structure in a bull market.
DAILY
Bullish market scenario after a short pullback, good long entries!
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FOREX SWING
BUY GBPAUD
ENTRY LEVEL @ 1.78800
SL @ 1.78030
TP @ 1.79970
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN