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Gbpaudsetup

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
Long
by olly48
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.
Long
by Veejahbee
3
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
Short
by HayatoDragonFX
GBPAUD, 4hr tf, sell trendline breakHello my friends, Another trade setup coming for you, it's GBPAUD sell setup. If you find this post useful, please give me a like and follow me for the next update. As you can see recently GBPAUD tried to trade back above 1.8140 resistance but seems like it was short lived. Today priced drop again below it and breaking the ascending trend line. We could see price continue south to around 1.7970 support once again. Entering sell now will only provide us with 1:1 trade setup so i am gonna wait for a lil bit retracement to around 1.8120 and enter sell there. Sell limit GBPAUD 1.8120 Stop loss 1.8170 Take profit 1.7970 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1
GBPAUD 3.5% Drop was expected will it reach Sep low?GBPAUD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Break and retest of Rising wedge pattern 2️⃣Trend reversal due to positive risk sentiment 3️⃣ positive risk sentiment, Positive brexit talks, Vaccine news will influence this pair 4️⃣ Price around 1.82000 psychological level 5️⃣ September high acted as resistance point 6️⃣ October low-Middle correction-minor bullish correction expected 7️⃣ Technical support - bearish 8️⃣1.75000 will acted as key reversal-Bullish 9️⃣ 1.85000 level acted as strong resistance 🔟 Possible swing target-September low #️⃣ Overall bearish trend —————-❇️——————- 📉 Technical bias-H4-Bullish Price is below100,200 Exponential moving average 100,200 Exponential moving average will act as support-Bear Relative strength index - Reached around 55- Still it has some room for the bull MACD -The histogram is fading slowly and about to below signal line, oscillators about to cross Stochastic - Reached 75- overbought condition medium term fall back expected Ichimoku cloud -cloud is still red and Middle line is acting as minor support-Bull Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band expected —————-✳️——————- Key reversal area's 1.85000 psychological level 1.83000 September month high 1.78450October month high 1.80070 50% Fibonacci retracement level 1.80000 Major psychological level 1.81650 Possible entry- Bear 1.74900 September month low/Alternative bullish entry —————-✳️——————- Bearish entry #pound #gbpaud Entry price - 1.81650 Take profit 01 - 1.80000 Take profit 02 - 1.78450 Take profit 03 - 1.74900 🚫 Stop lose 1.82600 ⬇️ 3.72% Growth expected ⤴️ Account growth .51: 3.72 ✅ Risk reward ratio 1 : 7 —————-⚜️——————- Push the like button , And cheer up if you found useful
Short
by forexorbit
4
GBPAUD under CorrectionHere in GBPAUD, we have a Correction area where it'll keep on retracing this week & for Long term it'll be bullish. The Area of support & Resistance level are mention in this analysis clearly. I HOPE THIS GIVE YOU A BETTER IDEA AS WELL. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
by PiPumer
GBPAUDOnce again, market will always leave clues as to what it wants to do, I do not predict the market but my bias would be for a sell position seeing the price action clues however before taking a position, I will wait for price to break through some of the identified zones. Kindly like and follow for more, thanks Past results does not Guarantee Future Results, do your due diligence. Trade Rules: Use proper risk management When the trade is taken, once in 20 pips profit, breakeven and protect your capital As trade moves, look for fresh entries in line with the position taken
by Mbjoey
GBPAUD is StremgthemimgHere in GBPAUD, we have buying Level above to support line. Better is to wait until it hits the support line & then go on buying it. There's no sell is mentioned as i'm focusing on buying it only. I HOPE YOU GET ANY IDEA ABOUT GBPAUD AS WELL. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
by PiPumer