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Gbpaudsetup

GBPAUD Set Up for a Massive DeclineGBPAUD is making a series of (i)-(ii), i - ii, wave pattern which usually leads to subsequent decline. On the higher timeframe, price is sitting at a key resistance level that lined up with 50% Fibonacci retracement of the weekly decline. Price has the potential to sell-off from or near the current level and should not breach at least the major invalidation level indicated on the chart to remain valid. What's your thought about GBPAUD? Kindly let me know in the comment. Thanks for reading! Veejahbee.
Short
by Veejahbee
2
GBPAUD BULLS GETTING TIRED. BEARISH REVERSAL AHEAD?Just like the GBPNZD I just published. The weekly chart above puts GBPAUD's entire decline since August 2015 in an Elliott Wave context. The pair’s decline can easily be seen as a five-wave impulse. The pattern is labeled 1-2-3-4-5, where five sub-waves of waves 1, 3 and 5 are also visible. According to the Elliott Wave theory, a three-wave correction follows every impulse. This means the overlapping bullish price action that follows the decline is most likely a complex W-X-Y-X-Z triple three correction within the larger downtrend from 2015 high @ 2.23779. Note how the resistance level, upper trend channel, and 50% Fibonacci level discouraged the bulls in wave Z. This is another indication that the entire 5-3 wave cycle is complete. If this count is correct, we can expect the trend to resume in the direction of the impulsive sequence. Furthermore, the sell-off is supposed to breach 2016 low, so targets below 1.57810 are plausible for GBPAUD in the months ahead. Thanks for Reading!
Short
by Veejahbee
FOLLOW ME: GBP/AUD Short OpportunityGBP/AUD is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED - Monthly ORANGE - Weeky GREEN - Daily AQUA BLUE - 4H PINK - 1H LIGHT BLUE - 15M PURPLE - 5M Feel free to leave your thoughts in the comments below! Make sure to BE RESPECTFUL OF ALL COMMENTS so that we can utilize this platform to help each other and to build each other up! After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
Short
by Jabest
GBPAUD - EDUCATION - 07. SEPT. 2019Welcome to our weekly market Breakdown ( GBPAUD )! - 1 HOUR Bearish price action and pressure on friday. 4 HOUR Market at price consolidation and medium range of price index. DAILY Decision area, we need more confirmations for a setup. OVERALL Prices done with all possible moves, we need new confirmations and area fake outs. Expecting prices to form new weekly lows on monday-wednesday before heading back up to 1.79500 area on thursday-friday or next week! Will update you as soon as we have some clearer moves. Good luck - Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
by DACapitalTrading
6
GBPAUD - EDUCATION - 23. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Very bullish price action.. 4 HOUR Price forming several HH and HL indicating a bullish pressure pattern. DAILY Sideways waving market found resistance now and is slowing down. OVERALL Price action is slowing down and found resistance, expecting a last push to the upside forming new H4 Highs before heading back down to average price movement and psychological support level. Will update everyone on monday! Good luck - Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Education
by DACapitalTrading
16