A divergence signal appeared with GBPAUDH4 time frame.
Structure: Uptrend.
A divergence signal appeared with the MACD indicator.
Waiting for the price to break the Key Level at 1.87800 and have a signal of confirmation of the downtrend, a selling opportunity can be found with GBPAUD.
Profit targets are 1.86000 and 1.84000 price zones.
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Wish you all have a good trading day!
Gbpaudshort
GBPAUD, Are you ready to take in sell position ???Hello everybody
We backed with another analysis of GBPAUD this is one of the most technicalish chart between currency pairs.
According to the chart and preiovus serial analysis, we shown on chart that we are in downward trend and according to the trend we should take sell position and now the price is exactly in resistance zone and its ready to take short position and put stop loss like we put and put your targets and wait until the target reach.
Please do risk free your position and manage it until the market reach to the all of the targets.
We will update more targets after these 3 tp will reach.
If you want to learn fundamental & technical analysis send us messages private in social media that we wrote in profile.
Good Luck
Abtin
Previous analysis :
GBPAUD SHORTS 📉📉📉📉 Expecting bearish price action on this chart as price taked out liquidity above weekly high 1.89800 and equal highs aka retail resistance, we have a nice bearish h4 closure and should go lower as the bearish momentum is increasing, my targets are around 1.87000
What do you think ? Comment below..
GBPAUD SHORT TRADE IDEASBeen at a huge daily resistance area I believe we will se a pullback at the lest. Don't forget price overall is still in a bullish market on the higher time frames so make sure that risk reward is on point before entering anything. I will most probably wait for more confirmation if we see price push down wait for that second wave.
GBPAUD SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price made a failure swing high that means bulls are losing momentum and bears are gather momentum, price retraced back into premium area where a nice sell opportunity has been presented around 1.89500, we have a lot of bullish imbalances that will be filled this week perhaps.
What do you think ? Comment below..
GBP/AUD OUTLOOKThis is a closer look at my weekly analysis of the pair stating that we may see a sell for the following reasons (A link to the idea will be provided below)
TECHNICALS
the GBPAUD has once again come to the resisting trend line.
price after breaking below has made its way back to retesting the supporting trendline.
we are also nothing a strong daily resistance that price is respecting on lower time frames.
The RSI has shown us price is now over bought meaning sellers may soon take over.
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FUNDAMENTALS
TUESDAY, JANUARY 11
00:01
GBP BRC Like-For-Like Retail Sales (YoY)(Dec)
00:30
AUD Exports (MoM)(Nov)
AUD Imports (MoM)(Nov)
AUD Retail Sales s.a. (MoM)(Nov)
AUD Trade Balance (MoM)(Nov
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SOUTH AFRICAN FUNDAMENTAL RELEASE TIMES (CAT)
TUESDAY, JANUARY 11
02:01
GBP BRC Like-For-Like Retail Sales (YoY)(Dec)
02:30
AUD Exports (MoM)(Nov)
AUD Imports (MoM)(Nov)
AUD Retail Sales s.a. (MoM)(Nov)
AUD Trade Balance (MoM)(Nov)
GBPAUD overbought at Supply ZoneGBPAUD is has had a very strong run up to a significant level that has acted as an area of supply since August, with price only briefly breaking above this area once before quickly driving back down below it.
RSI is overbought (>70) on the 12H, 6H and 2H charts and but has just had it's first sign of rejection out of this area. Expect price to see a correction back down towards the rising trend line as a short term reversal shouldn't see much support until the 1.86800 area.
Alternatively, if this impulse continues and price breaks through this Supply Zone, we could expect price to push up to test the next key level around 1.91000 - 1.91600, at which point price will be further extended and would be primed for a short term reversal.
GBPAUD: Its a TRAP!🎯Many assume that more touches of resistance make it stronger, this is far from the truth.
Since the resistance is so weak, I would like to see the zone breached.
BUT first, we must trap the sellers by breaking the trendline.
Once they have been lured in we can consider buying up into the main supply. 😍
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
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Always limit your leverage and use a tight stop loss.
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