GBPAUD - MARK UPPlease view the chart for more information on my analysis on this pair. Make your own prediction as to when you should get into the trade. I am only here to guide you, not give you every piece to the puzzle.
Gbpaudsetup
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 LONGSLooking for longs for the start of the week.
CHECK OUT 2021 SIGNAL TRADE JOURNAL FOR INVEST BEYOND.
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GBPAUD | Perspective for the weekHappy New Year!
It is another new year and we are beginning with a Bullish expectation on the GBPAUD pair as the Double Bottom structure guides us to a potential Higher high in the coming week(s). As at the time of writing the exchange rate for the pair is dangling around AU$1.77040 as we look forward to the appropriate price to buy the Pound Sterling.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern | Supply & Demand | Double Bottom
Observation: i. The fall of Pound found the bottom in September 2020 @ AU$1.7500 and it appears sellers are finding it difficult to push below this level as price experienced a sharp rejection of this level again in December 2020.
ii. Double Bottom: Rejection of this level (AU$1.7500) the second time followed by Higher Highs give rise to the opinion that we might be at the verge of a reversal.
iii. This been said, it is appropriate that we remain cautious as we grope for confirmations at this juncture in the market.
iv. In this regard, my anticipation of a significant Breakout of AU$1.7900 level and maybe followed by a rejection of this level could be enough reason to hop in the rally.
v. It is worthy to note here that a significant Breakdown of our proposed Demand level might consider this bias invalid... Stay tuned!
Trading plan: BUY confirmation with a minimum potential profit of 600 pips.
Risk/Reward : 1:4
Potential Duration: 10 to 20 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBP/AUD Back Up To ResistanceBit late to this one unfortunately, was going to post about it yesterday but didn't. It has given up all its gains from last weeks spike and filled in most of the daily wick and is now turning back higher. MACD and EMA's have this pushing back up to resistance at 1.80235. From there wait to see if it can break above.
GBPAUD Long (Buy) Trade Idea SetupGBPAUD was in a longterm downtrend and has now seen rejections to go lower on monthly timeframe. On the 4-hour, we have an opportunity to buy here and aim to the upside. The small red zone could be a spanner in the works to push prices lower but otherwise, I would be aiming for the upper red zone as extended targets, should price action permit.
GBP/AUD 3 Setups Avialbe To Catch More Than 400 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPAUD Short (Sell) Trade IdeaThis pair has been in a long downtrend and has recently pushed up to an a supply zone. We may have an opportunity here to short this pair and potentially gain 4/500 pips on a 1:10 risk reward ratio if the longer term downtrend continues.
GBP/AUD Making Correction, Long Opportunity ComingThis has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish.
Target is set at the previous high of 1.80159. This aligns with previous support so it is meeting resistance here.
SL is just below 0.5 Fib
GBPAUD- En route to our first target levelOur updated GBPAUD chart further to our previous idea
We expect a further rise to 1,836
Bearish Bat PatternGBPAUD BEARISH BAT PATTERN
Market Sell Order Set Up.
Sell Entry: (1.79757)
Min Take-Profit: (1.77810)
Max Take-Profit: (1.76422)
Stop-Loss: (1.81357)
Max Risk-Reward: (1.50)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
GBPAUD - (Continuation) SHORT; (re)SELL it here!Been short this what seems like forever (and making lots of money!!) with still miles and miles to go - down!
This is easily the 2nd best trade (Short) of 2021.
Here is the long term picture;
GBPAUD Trendline TestAs we can see market is following Trendline (Since 1-12-2020) And now now create a bearish engulfing candle stick pattern which confirm a bearish movemnet.
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 SELL IDEAHi Traders,
On the following confluences I like to Sell this pair.
1. Down trend.
2. Key Level (S/R zone)
3. Supply Zone
4. Bearish Pin Bar as price rejection and downward signal.
Good Luck
GBPAUD Set To Enjoy Massive Bull RunCompliments of the season traders! <3
Here is a long-term GBPAUD chart to start the new trading year.
GBPAUD started a corrective phase after a five-wave massive decline. In this analysis, I focus on the corrective pattern that's unfolding from September low.
Price seems to be making a possible 3-3-5 flat corrective pattern on the daily chart. If this count is correct, a rally back to at least wave (a) high to complete wave (c) is plausible in the months ahead.
Price has made a double failure swing reversal pattern, I love to see it. The breach of the 1.79304 green line will actually confirm the anticipated rally has started. In the short-term, we can use the closer green level (1.77955) for aggressive entry. The breach of red level (1.75931) will invalidate the setup.
What's your view on GBPAUD? Let me know in the comment.
I wish y'all a favorable and profitable trading year!
Best,
Veejahbee.
GBPAUDGBPAUD ANALYSIS
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Idea is not the financial advice!
GBP/AUD: long trade setupHi ,
- when 1.8320 breached, move the stop into the money (i.e. 1.8195)
- be patient as this is positional trade
- further questions?! contact me
good luck !
GBPAUD Short ideiaWe have 5 confluences on the graph:
1- Falling trend.
2- Respected the trendline.
3- Level 61.80% of FIB respected.
4- Respected the resistance in the candles of 1h, forming a bearish candle.
5- Head and shoulders
So with all this confluences, I can short with a 1 to 5 risk reward.
I enter in the 15min chart at 1.81540
GBPAUD, 4hr tf, SHS pattern to materializeHello my friends,
On Monday, I got 5 positions hit SL again consecutively so i took 3 days off from trading to calm my mind.
It is very important to calm your mind instead of doing revenge trade and get more losses.
Today, i found a nice setup on GBPAUD.
There is a SHS pattern formed and i think price already broken below the neckline on lower time frame.
This necklne also located near the horizontal level which i have marked, so this support now become a resistance and an area of confluences as well.
Also if i do a wave count using Elliott Wave, we are now on wave-5 to the downside so sell positions will be favorable.
Sell GBPAUD 1.8175
Stop loss 1.8230
Take profit 1.7980 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
