Get started

Gbpaudsetup

GBPAUD Short Idea. Will this major doubletop brings GBPAUD down?GBPAUD has its uptrend going on for sometime now and it's currently at the retest zone of a major double top in the weekly/monthly timeframe. Since the monthly and weekly shows bearish structure, I believe the GBPAUD will begin to shift from short term uptrend to downtrend after the retest on the double top neckline. Daily timeframe shows a bearish engulfing candle as confirmation, rejecting the neckline zone. Will look for Short opportunities when price pullback depending on which direction into the green zone / orange zone and continue heading lower to 1.77500 range (weekly support). First time sharing my idea here. Usually I don't really share ideas on TradingView. Do let me know what's your idea/feedback if you have. Thanks for reading my idea.
Short
by ckck15
2
20 Reasons for sell GBPAUD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Yaely time Frame this is a current bearish solid trend even from 2002 to 2020. the massive volume also included in the selling side, according to the big picture, no chance for a reversal already best-ranging market 2 📆Monthly: another established bear trend proper higher lows current market is in a correction phase 3 📅Weekly: correction phase, prices make a halt and trigger event, now prices are ready to go down for fill weekly FVG 4 🕛Daily: after making two higher lows and prices corrected themselves, filling taping the previous OB and taping can go down 90% chance 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: double rejections with proper momentum candles before it a key reversal 7: 3 Volume: high volume at the top 8: 4 Momentum UNCONVENTIONAL Rsi: resisstence at 60 level 9: 5 Volatility measure Bollinger bands: full squeeze with a head-fake type formation 10: 6 Strength ADX: bear are just begun gaining strength 11: 7 Sentiment ROC: GBP is weaker than AUD ✔️ Entry Time Frame: H4 12: Entry TF Structure: clean bear 13: entry move: wait till correction 14: Support resistance base: previous ob and fvg 15: FIB: Nill ☑️ final comments: sell at correction 16: 💡decision: sell 17: 🚀Entry: 1.7900 18: ✋Stop losel:1.7950 19: 🎯Take profit: 1.7311 20: 😊Risk to reward Ratio:1:13 🕛 Excepted Duration : 3 days
Short
by Optimum369
GBPAUD - Long from bullish orderblock ✅Hello traders! ⁉️This is my analysis on GBPAUD . Here I expect price to retrace to fill the imbalance below and if price rejects from bullish orderblock + institutional big figure 1.71000 I will open a long position. Pay attention on news about Cash Rate on AUD that will be announced on Tuesday. If we see an increase of rate, it means strong AUD, that will support our retracement. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
GBPAUD - potential setupsFX_IDC:GBPAUD Hello everyone! 🛎 Let check the trading idea for GBPAUD 🤗 Not making anything difficult everything is pretty straightforward. 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. Short positions to activate. 🔴 ---------------------------------------------------------------------------------------------------------------------------- ⚠️ Important Notes: 1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️ 2. Timeframes: up to H4 ---------------------------------------------------------------------------------------------------------------------------- 😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝 💪 Profitable lock for everyone! 🙏
by Solidity_best_options
4