Gbpaudshort
GBPAUD - SELL strategyI have a few conflicting signals. One is positive stochastic, and DARK MOON phase which suggest higher, but at the same time I have negative MA 10 vs MA 30 which usually is a strong sell signal, and also negative MACD.
I feel SELL strategy to be the better risk reward scenario here.
SELL current 1.8578 and very tight stop 1.8637 and profit order 1.8235 for now.
GBPAUD LONGS 📉📉📉I see a nice AMD pattern formed on this chart, as price (A) accumulated positions both on buy side and sell side on asian session, took out stops and trapped retail traders short (M) and right now should go above asian range highs because market makers probably entered their LONGS, another confluence there for longs is that we had good fundamental realease for the GBP in this morning
What do you think ? Comment below..
GBPAUD Overview week commencing on the 13th Dec. 2021Weekly chart - closed strong bearish engulfing 2 weekly candles. Could still some bearish for this week.
Daily Chart - broke minor level of support came back around the area of previous resistance and rejected (could we come lower or potentially start raging?)
Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support.
H4 Chart - Previous level of support broken and being retested a potential resistance now, in line with 38.2% Fib level.
30m Chart - ABC corrective (just reach TP level and new level of resistance established), 2 approaches can be taken:
Aggressive approach: if a double top scenario happens then short at the double top!
Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting
Follow up as the week goes on....
GBPAUD short potential for the weekAs we open the week following the bearish weekly last week, we can see we are nearing the red supply zone. The purple line there indicated a imbalance from the weekly TF. Today being Monday i can expect the price to be moving in the opposite direction that it intends to from the rest of the week. If the red zone rejects, we can see ourselves pushing all the way back down into 1.83000 for the week. However if broken we can continue back into the highs.
GBPAUDHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPAUD view with S & R
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit day guys
SUPPLY AND DEMAND - GBPAUDW1 Tf - short bias
Price reaching W1 Supply
Get ready for SELLS
D1 Direction
Fresh SWING opportunity if price reaches into D1 Supply zone
H4 Intermediate
No nice zone to sell from
H1 entry
Sell zone identified if price goes back to Supply zone
RR: 1:3
GBPAUD SHORT - Sell Entry - D1 ChartGBPAUD SHORT - Sell Entry - D1 Chart
Symbol: GBPAUD
Timeframe: D1
Type: SELL
Entry Price: Sell @ Market
Stop Loss: 1.87858
Take Profit: 1.82551
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.