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Gbpaudsignal

GBPAUD | Perspective for the weekHappy New Year! It is another new year and we are beginning with a Bullish expectation on the GBPAUD pair as the Double Bottom structure guides us to a potential Higher high in the coming week(s). As at the time of writing the exchange rate for the pair is dangling around AU$1.77040 as we look forward to the appropriate price to buy the Pound Sterling. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Supply & Demand | Double Bottom Observation: i. The fall of Pound found the bottom in September 2020 @ AU$1.7500 and it appears sellers are finding it difficult to push below this level as price experienced a sharp rejection of this level again in December 2020. ii. Double Bottom: Rejection of this level (AU$1.7500) the second time followed by Higher Highs give rise to the opinion that we might be at the verge of a reversal. iii. This been said, it is appropriate that we remain cautious as we grope for confirmations at this juncture in the market. iv. In this regard, my anticipation of a significant Breakout of AU$1.7900 level and maybe followed by a rejection of this level could be enough reason to hop in the rally. v. It is worthy to note here that a significant Breakdown of our proposed Demand level might consider this bias invalid... Stay tuned! Trading plan: BUY confirmation with a minimum potential profit of 600 pips. Risk/Reward : 1:4 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
GBPAUD push to 1.78000 handle then move higher to 1.81000Hello, I have a few reasons why I forecasted this exact trade but I won't be giving away all my reasons. We use an algorithm in-house which takes a laggy indicator and reverse engineers the indicator to match 90% of market conditions. This allows us to be very accurate. I have forecasted this very rewarding trade and the potential to the upside is huge. I will be continuously be monitoring the pair once it has entered my buy position and be adding to the comment section as we go on. If you have any questions (I would post my instagram handle, however I got into trouble for doing that LOL) Just message me on trading view and I can see what I can do. 40 Pips stop loss 300 Pips take profit. Entry: 1.78000 Enjoy Saif
Long
by MoneyMaliks
GBPAUDHello Guys Welcome back to another profit week If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions 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 broke the middle support and moving to the last support, there will be a sell entry 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. Please support this idea with a like, if you find it useful have a good profit week guys
by Bexi03
GBP/AUD Making Correction, Long Opportunity ComingThis has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish. Target is set at the previous high of 1.80159. This aligns with previous support so it is meeting resistance here. SL is just below 0.5 Fib
Long
by olly48
GBPAUD--- Weekly Planning- Update LiveDisclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
by Rapid-Trading-LTD
2