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Gbpaudshortsetup

GBPAUD shorts I do not have a setup or an entry but overall hypothesis is short. Here is why; - The monthly is bearish since it has formed a lower low setup. - The monthly also broke a supportive handle at 1.89500. Using the fib, we know that overall targets are at 1.8565. - No weekly bias - Price on the daily and 4h timeframe is looking for a region where it will collect orders to push price down. - I believe that price will close below 1.8700 psychological level where it will collect orders before going short.
Short
by kingmwenja
GBP AUD Sell Opportunity (Pullback)-Price previously sold off and found support at the 1.85 QP level -On the weekly TF, price closed as an indecision candle/morning star candlestick pattern, hinting that price was ready to began a bullish push. -On the daily TF, price formed a double bottom, then made a bullish push before reaching a resistance/supply zone. - I am anticipating price to make another bullish attempt but sellers ultimately remaining strong and price possibly closing as an indecision candle/even star candlestick reversal pattern. - I believe price will pull back and test the area 1.8801-1.86735.
Short
by NoCeilingsTrading
💡Don't miss the great sell opportunity in GBPAUD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.82728). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 44 Take Profits: TP1= @ 1.81921 TP2= @ 1.81685 TP3= @ 1.80999 TP4= @ 1.80184 TP5= @ 1.79271 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
29
💡Don't miss the great sell opportunity in GBPAUD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.82728). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 44 Take Profits: TP1= @ 1.81921 TP2= @ 1.81685 TP3= @ 1.80999 TP4= @ 1.80184 TP5= @ 1.79271 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
8
GBP/AUD Technical Analysis.Currently, GBP/AUD is trading at 1.8184. The pair is consolidating after rebounding from its resistance level. The pair may start a new down trend if it breaks the support level and neck line at 1.8174, It is possible that the pair may consolidate further for some time. If the pair starts a new down trend after breaking the support level and neck line , then its first target price will be at 1.7934 and second target price will be at 1.7785. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
2