Gbpaudlong
GBPAUDHello Guys welcome back,
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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 TOUCHED SUPPORT ZONE AND TRYING TO GO UP TO RESISTANT ZONE, LETS SEE
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.
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GBP/AUD LongThis is an update to the last analysis I posted yesterday about GBP/AUD. The bullish momentum showed up a little late but its finally here and the move to the upside seems more and more certain now with price creating multiple rejections on the support area. It doesnt seem that price will break 1.74000 any time soon so I believe we should take this opportunity to go long and hope for the best. I will also be publishing another update to this pair once price hits our target (1.76150) so we could get back in this trade and capitalize even more!
That's my analysis for GBP/AUD and I hope you like it, I will see you on the next one!
GBP/AUD LongAs we can clearly see, the market has been consolidating between the 1.79000 and 1.74750 area for a couple of weeks. During this time, price has created an M formation and is also currently testing the 1.74750 support. Firstly what we usually want to see after an M formation is for price to reach the neckline and in this case the 1.76150 area which is our target for this trade. Another strong signal for a move to the upside is the fact that price has also created a Double Bottom at the 1.74750 support giving us better propabilities for this long position. We need to consider of course the possibility that price won't do as we analyzed and will continue with it's bearish momentum, so we won't be placing a trade before we have another strong confirmation on the 4h chart.
That's my analysis for GBP/AUD and I hope you like it, I will see you on the next one!