Gbpaudsell
GBPAUD: Rising Wedge Pattern.Thanks for Taking Interested in my Trading Idea.
Dear followers, the best Gift for me is "will be your likes , comments & Share
Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
GBPAUD: Rising Wedge Pattern.
GBPAUD expecting higher bearish continuation
ENTRY: 1.97850
TP: 1.97550
TP2: 1.97300
TP3: 1.97000
SL: 1.99100
Chart time frame - 4H
Time for reaching TP - 1-2D
Follow, Like, Share or Comment
Thanks on supporting!
All best!
GBPAUD potential bounce!
GBPAUD expected to reverse up to 1st support at 1.94968 where it could potentially react and bounce to its resistance at 1st resistance at 1.95581.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPAUD: Ascending Channel Pattern.Thanks for Taking Interested in my Trading Idea.
GBPAUD: Ascending Channel Pattern.
Dear followers, the best Gift for me is "will be your likes , comments & Share
Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
GbpAud- confirmed 700 pips targetFrom the mid of December, GbpAud is trading in a rising wedge pattern.
Yesterday the pair has closed the session under the rising support line, confirming the change of medium-term trend and a potential 700 pips target.
First important support comes into place at 1.92 zone.
GBPAUD ready to shortDouble Top on #GBPAUD h4.
If confirmed we can short it.
Entry 1.975
SL 1.981
TP 1.92
GBPAUD Bears Set To Overtake After 4 Years of Correction.GBPAUD is bearish against the decline that started in August 2015. The decline can be seen as a five-wave Elliot Wave impulse structure, labeled 1-2-3-4-5.
According to Elliot Wave theory, a three-wave correction follows every impulse move.
In GBPAUD's case, since the completion of the decline in 2016, it has been a tug-of-war between the bulls and bears in the corrective phase. The correction is a complex one which is labeled as W-X-Y-X-Z double three corrections.
Once the correction is completed the primary trend resumes.
If this count is correct the correction is completed and we have a 5-3 wave cycle. We should see a massive decline in wave (C) to complete the Zigzag pattern, target below wave (A) low is plausible.
Further Confluence
Rejection from 61.8 Fib
Rejection of monthly 200 EMA not on the chart
Multiple rejections from the upper trend line
A perfect flag pattern
What's your thought on GBPAUD?
GBPAUD- Daily we have a huge exhaustion making buyers lose momentum for seller to push it down
- 4HR we have rejections
- Now we look to sell above 1.97329
GBPAUD 300+ pips profit setupthe price can break either side but wait for successful breakout. Great profit expected from this trade
GBPAUD - Short ScalpGBPAUD showing signs of major weakness. We can see BMS which indicates further downside. Don't think support will hold here, good chance we hit sellside liquidity as shown in the chart's target area.
GBPAUD SHORT quick day trade, im already in this trade from market opening but if it does come back to the zone of interest, then look for rejection around the purple box region to take a short, down the the support zone given.
200 PIP GAIN 9/1 RR
GBPAUD- Daily we have a Buyers exhaustion with a Bearish engulfing formed
- 4HR we have broken support
- Also if you look on the 1Hr you can see a broken trend-line being tested
- Now we look for retracement to go short or even Long
GBPAUD wait for short, againWave pattern confirmed on #GBPAUD.
We have to wait for the retracement on 1.964 to short it again.
Entry: 1.964
SL: 1.978
TP: 1.90
