Gbpaudlong
GBPAUD: Following the ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/AUD
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been moving with a strong uptrend, following an interesting ascending channel and few bounces on its dynamic support are an extra confirmation of the validity of that pattern.
It has currently reached its dynamic resistance line and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
I believe there is a good chance to see the price rising until the main resistance zone at about 1.79000 but as a trend follower I won't open any long position right now because the price is just around its dynamic resistance line.
I'll be waiting for the price reaching its dynamic support and I'll open my next long position once I'll get a proper rejection on that area.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
GBP/AUD at Big SupportThis is at a big support level so looking to take a long position soon. MACD is showing on the daily that this is still bearish as it is below 0. I expect this to drop slightly from its current position, if it meets the support area marked in blue then that could be a good entry point with SL just below the lowest point of the support. TP is set at 0.382 Fibonacci of period from March 2020 to the low.
GBP/AUDAs for Eur / Aud and for GBP / AUD we have a nice setup, although we would not be in too much of a hurry to enter the buy position for this pair. It is smarter to set up a much safer sell.
GBP/AUD BUYThe price has been in a downtrend since October 2020 (Red trend line)
and I'm expecting to catch the retracement move.
I can see that the price is in an uptrend since January 6th respecting the blue trend line and has reached a major resistance level.
I expect the price to fall back to the trend line, then expect it to continue the uptrend breaking the resistance until it reaches the downward Red trend line reversing the trend, indicating that the uptrend (retracement) has stopped.
British Pound / Australian Dollar 4H ( Buy Setup ) Here we go traders, the next week we more into buying mode. And here we go t=new structure breaker at the downtrend and now the market is in uptrend. I'll be wait for the price to retrace back to create new HL and yeah there I'll be placing my long setup.Good luck Traders.
Greetings,
Mr. Trade from Malaysia.
GBPAUD Long Analysis going well so far Hey guys this was a signal I posted on my Tiktok account currently im up a little over $200 and am a happy soul. We have confirmation on the 4 hr and 1hr time frame. Between the bounce off the Fibonacci level and the itchumoku cloud we have serious confirmation for this trade. On top of that price bounced off a key support zone.
GBPAUD BULL RUN CONTINUEAs we can see a flag pattern and TL test for bullish run.
So we are expecting a long term bullish run after TRENDLINE TEST.
GBPAUD--- Weekly Planning- Update LiveDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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GBPAUD Bullish trade planGbpaud forming bottom aroung 1.7430. divide risk on multiple positions, use low risk add more on dip, probability to retest bottom 1.7430. initial target 1.7900. if opened multiple positions by dividing risk then partial hold with breakeven for longer term bull run.
GBPAUD: LONG Idea, reaching the FALLING WEDGE ResistanceHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since March 2020, the price has been moving following a clear Falling Wedge pattern, getting a rejection many times on the dynamic S/R Level of that pattern.
At the end of November, the price reached and tried several times to break the trendline resistance, failing any single attempt, collapsing heavly until the support zone at about 1.74000.
As we can see in the chart , the support level 1.74000 is an interesting zone, because gave to the price a strong impulse until the resistance level at 1.79000.
The 7th of January we got a similar situation and right now the price is following a bullish movement, it broke the secondary S/R level and now is trying to reach the next target just on the dynamic resistance of the falling wedge pattern.
CONCLUSION:
Yesterday the price broke the secondary S/R level and the price seems is continuing the uptrend without any hesitation.
If the price will retest the support 1.76000 without break it, I would start looking for a Long position until the level 1.78000
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
EURAUD - Rejection Box I would like to see a rejection from this zone I have marked out before continued upside, I will be monitoring this pair closely today.
I do believe we could see a sweep of the support before it scoops to the upside.
GBP/AUD LongAs my previous analysis on GBP/AUD showed, price has finally reached our first target (1.76150). I also said that I would make an update to this pair once we hit this area so here it is. This might be another chance to go long again due to the strong bullish momentum that has been created from the first move. We need to consider the fact that the 1.76150 area was a support in the past (which is now serving as a resistance) and price might have a hard time breaking it or it will even reject it and reverse back for a move to the downside. The best option here is to wait for a consolidation in this key area and if this never happens we just take a long with our next target being 1.77925.
This was my update on GBP/AUD and I hope you like it, see you on the next one!
GBPAUD - Drop & PurgeI am expecting a significant sell off on this pair to purge the equal lows. Once the liquidity has been grabbed and we begin to see new signs of bullish structure, I would like to trade this into the target marked.
