Gbpaudsetup
GBPAUD: Rising Wedge Pattern.Thanks for Taking Interested in my Trading Idea.
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GBPAUD: Rising Wedge Pattern.
GBPAUD PositionAs the expected price will bounce due to fud in the market sill use 2-5% of your portfolio
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 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
GBP AUD long term US market is closed -
one hour chart showed a liquidity spike to grab some fresh orders from the block
Awaiting the next move to the upside (long term)
GBAUD LONG GA LONG - this is a long term prediction. A big trade which you should only use a small slot size for and sit in this for at least 6 months maybe longer, look for rejection of the ascending trend line plus fib levels.
1200 PIP GAIN 6/1 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
Ascending Triangle | GBPAUD As long as out Major Support isn't broken we're looking for a break of the Triangle to go upward
GBPAUD- We see a broken Resistance tested with an Engulfing after a minor push
- Market forms a HL's so we could enter on next retrace
Bearish movement aheadPrice pulled back from trendline resistance on weekly chart, don't expect the price to retest, the pair will move downwards due to brexit.
GBPAUD 30MHello traders,
we have a short here for a pip count of +94/-94.
Entry short at the red price and target at the green
down below.
