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Gbpaudshort

GBPAUD – Double bottom or just a pull back? - the week of 09 MayIn my opinion this pair is still strongly bearish. Yes, the candle of Thu made a lot of ground pulling back all of what it lost, but note how small the Fri candle is. The bulls just did not have much momentum, could not follow through - and this was NFP day when spikes and large moves happened on many pairs. Price is below the 200dma, I am ignoring the double bottom and staying with the bearish bias We could see some continuation to the upside, but I don’t expect much ground to be covered before we continue to the downside. There may be a better entry possible, but I will stay with 1.7400 and target the 1.7140 region. This could be a potentially +2R trade. If however, price continues to the upside with momentum, that would negate my analysis. I will not be interested in going long, instead would wait and watch – perhaps PA in the 1.7770 area would provide a short opportunity. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
GBPAUD sell!!GBPAUD has been trading within the confines of the resistance zone of 1.78501 and support zone of 1.71832 since April 2022 . Despite numerous speculations that the pair might break through the resistance of 1.78501 and move up higher , the price recently has been giving signs that its not yet ready for an upward move. We can also observe an Evening star candlestick pattern on daily chart ! price is currently testing the Resistance zone again , only to fall down all the way to the Support zone as mentioned above ! My final Target remains 1.71832 !!
Short
by UnknownUnicorn13036184
1
Bullish outlook on GBPAUD: 25 April 2022On the H1 time frame, prices are showing bullish order flow, with higher highs and higher lows being formed. A pullback to test the support at 1.75822, in line with the 127.2% Fibonacci extension, 78.6% fibonacci retracement and ascending trend line provide an opportunity to play the bounce to the next resistance target at 1.79551, in line with the 200% Fibonacci extension and 78.6% Fibonacci retracement. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Long
by OrtegaCapital