GBPAUD buy ideaGBP looking bullish and may hit the target based on a simple price action chart.
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Gbpaudsignal
GBPAUD BULLS GETTING TIRED. BEARISH REVERSAL AHEAD?Just like the GBPNZD I just published. The weekly chart above puts GBPAUD's entire decline since August 2015 in an Elliott Wave context. The pair’s decline can easily be seen as a five-wave impulse. The pattern is labeled 1-2-3-4-5, where five sub-waves of waves 1, 3 and 5 are also visible.
According to the Elliott Wave theory, a three-wave correction follows every impulse. This means the overlapping bullish price action that follows the decline is most likely a complex W-X-Y-X-Z triple three correction within the larger downtrend from 2015 high @ 2.23779.
Note how the resistance level, upper trend channel, and 50% Fibonacci level discouraged the bulls in wave Z. This is another indication that the entire 5-3 wave cycle is complete. If this count is correct, we can expect the trend to resume in the direction of the impulsive sequence.
Furthermore, the sell-off is supposed to breach 2016 low, so targets below 1.57810 are plausible for GBPAUD in the months ahead.
Thanks for Reading!
Pound pairs to drop soon - GBPAUDANALYSIS ON GBPAUD
Welcome to my analysis
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Daily Chart
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Interesting Point of interest In the GBPAUD pair.
- Price about to test the 1.90000/1.91000 zone.
- Watch Top for sell.
- MACD showing bearish divergence
Expecting long term Move Down. Watch Top for SELL.
Stay Tuned
GBPAUD SHORT IDEAHi traders,
As usual I keep it simple. I have a few confluences happening at this point and I believe Pound will take a a dive a bit. But especially this pair because it has a 3rd touch and on my custom Fib zones it has reached a crucial zone. It might have also completed the 5th wave?
Watch it carefully and collect some pips!
Good luck,
FIBZ
My Idea on GBPAUD for the week.I'm looking at a potential M patterns forming on the following week due that its retesting a WEEKLY resistance, it could also be a FLAG pattern forming I will confirm my entries with the right reversal and all candle patterns. ( Feel free to leave a comment )
GBPAUD bounced from support, potential for a further rise!
GBPAUD bounced off 1.80982 where it could potentially rise further to 1.82266.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPAUD BUY SIGNALHigh Risk Trade. GA has been a decent but, remember SL to entry @ +20 pips
Personal Risk: 0.5%
To get all my forex trades or more forex education hit the link in my bio!
GBPAUD Monthly Analysis"In the name of Allah, the Most Gracious, the Most Merciful".
GBPAUD Monthly Analysis.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
GBPAUD in Multiple Time Frame Analysis."In the name of Allah, the Most Gracious, the Most Merciful".
GBPAUD in Multiple Time Frame Analysis.
For Proper Entry and target Join on VIP Room.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
GBPAUD - EDUCATION - 07. SEPT. 2019Welcome to our weekly market Breakdown ( GBPAUD )!
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1 HOUR
Bearish price action and pressure on friday.
4 HOUR
Market at price consolidation and medium range of price index.
DAILY
Decision area, we need more confirmations for a setup.
OVERALL
Prices done with all possible moves, we need new confirmations and area
fake outs. Expecting prices to form new weekly lows on monday-wednesday
before heading back up to 1.79500 area on thursday-friday or next week!
Will update you as soon as we have some clearer moves.
Good luck
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Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPAUD SetupOANDA:GBPAUD
On the 4h, price has actually just broken down out of the halfway 'regression trend' line and broken out of an important level of up-trending support.
We are currently in a med-term + Long term phase of lower lows and lower highs so i expect this to continue as bears have defeated bullish trend line.
When market opens, I will enter short.
GBPAUD reversed from resistance, potential drop!
GBPAUD reversed off its resistance at 1.78981 where it could potentially drop further to 1.78010.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
START OF THE WEEK (26 Aug - 30 Aug 2019) GUIDE | GBPAUDSee chart for illustration.
Follow up from earlier publication ( see link below)
GBPAUD Short to 1.78 Shorting GBPAUD to 1.78 seems obvious to me than it is about to tank. The red candle with huge buy pressure isn't able to cause bounce bulls are extremely weak more downside expected.
