GBP/AUD possible MELTDOWNWe can see that a lot of rejection at the top liquidity level. Also is a probability that we can see a double top. I will watch it closely on m15 and I will get on this trade if the price gives me the opportunity.
Gbpaudshort
GBPAUD is in Bearish ModeAs we can see that the market has rejected its major resistance and now falling down. Furthermore market has also rejected its HH trend line which is giving more confirmation of selling pressusre.
Shorting GBP/AUD - My Current PositionMy current trade in GBP/AUD, as you will gather I made this for my Youtube Channel but thought to post it here too. :)
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GBPAUD - SHORT (11/5/2021)with GBP index going to close the gap, i decide to go short at this pair. Disclaimer, this set-up is only for study purpose only.
GBPAUD Will Go Down From Resistance! Sell!#GBPAUD is trading in a range between the two levels
And the pair is now facing the horizontal resistance
From where I think a move down is possible
With the target being the local horizontal support
Will we reject off the bottom zone or continue bearish?Daily directional bias is southward. We have some key levels that need to either be respected (FO = fake out) or rejected (BO = Break out)
GBP/AUD - Completedwe sat in this trade for 1day 19hours.... a very long time for the way I trade. this entry was taken from the 15m chart. We had a huge liquidity spike that almost reached our take profit target but was a few pips short.
I and the rest of the members in the discord server so happy when it reached TP! was a long time coming!
GBPAUD - SHORT#GBPAUD formed a classic bearish flag pattern.
Wait for its bearish breakout (4H candle close below its support).
It will be a trigger for a bearish continuation.
In case of the breakout, next support will be MENTION
GBPAUD - SHORT (4/5/2021)i think GBPAUD is bouncing from the resistance area, and after the price action i decide to go short
GBPAUD BEARISH FORMATIONHi Friends
as we can see
gbpaud make Head and Shoulders Pattern
and its might bring he drop to support as well
we just looking for confirm on lower timeframe
share u ideas below !
GBPAUD - FOREX - 03. MAY. 2021Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Bearish break below main sr level.
4 HOUR
Price consolidation with possible breakout shortly.
DAILY
Overall bearish market structure, looking for another break towards previous lows.
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FOREX SETUP
SELL GBPAUD
ENTRY LEVEL @ 1.79170
SL @ 1.79890
TP @ 1.78060
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Heading down Price is still below the 1.8000 level and has respected the trendline creating lower highs. I can see price heading to 1.7750. If price breaks and retests 1.7750 the we can potentially see a bearish move to 1.7500
