GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.78660 where it could potentially react off and up to 1st resistance at 1.79530.
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#GBPAUD, Trend change?Changes occur in this model of importance.
By March we were on a rising channel then in April the GBP/AUD entered a pattern called Double top which could mark a change in trend (which is what actually happened)Looking at the graph above, you can see that this is the first time in several months that the Pound has gone out of the trend line, On his way down the pound falls below the Moving average 200 (Bear sign).
Target: 1.7440
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15 Min
This time Frame is supporting a bullish outlook. Price above all MA's with RSI still facing up. MACD is now showing a bearish divergence. Expecting Move down soon
1 HOUR
Buys still in the Market so be careful MACD & STOCh Rsi both showing bearish divergence.
4 HOUR
Bearish. Price is making a correction of earlier bearish move. Price now testing the 38.2 % fib retracement point. Price is also below all MA's with price about to test the 100 WMA.
OVERALL
Bearish Outlook expecting the bearish momentum to continue
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GBPAUD - EDUCATION - 07. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
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1 HOUR
Shortterm bullish break above previous small pin and Pullback.
4 HOUR
Bearish market structure made new lows and took out long holders.
DAILY
Bearish waving market need its next pullback shortly.
OVERALL
Expecting market to break below lows one more time before heading back up
to its wave structure and average price action. Market strongly oversold and made
a pullback of 80% of previous Low/High Wave formation.
Good luck
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GBPAUD approaching resistance, look out for potential reversal!GBPAUD is approaching its resistance at 1.84081 where it is could reverse down to its support at 1.82449.
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GBPAUD POTENTIAL SHORT Price is currently showing bearish potential. We saw price move bullish into what i would see as a pullback and we are currently at a point of resistance where we may see price break lower toward the our take profit level.
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GBP/AUD Short Idea (6/17/19)GBP/AUD Short Idea (6/17/19) 4HR Chart
- We have had rejection of the 200 EMA along with the rejction of the 50% fib level.
- The EMA's have just crossed and news has just brought price back up to retest it.
- Target is @ 1.80000 right in confluence with my first fib extension
Aussie Strength Waning? - Ichimoku GBP/AUD Long Trade SetupAfter a long down trend, the pound finally found some footing. We are entering the kumo and I am watching for the possibility of a new bullish trend to form as the GBP tries to claw it's way back. As the week progresses I'll be watching for a bullish kumo breakout and completion of the kumo twist to bullish to help confirm it's time for an entry. I've set my entry at a flat spot on the kumo which should act as a good gauge if we'll make the move up or not. If we can close through that level we should try and climb quite a bit higher. If we fail to break through the kumo or hold price structure support, this setup may become invalidated.
WIFE or FANCY WOMAN?Similar trade setup to my last post, We have a strong TL formed that keeps getting respected and price is at a key level.
So again this is another really good trade to keep your eye on to see if price breaks either our TL or respects it and breaks strong support, a break of either should produce explosive bullish or bearish movement.
This trade is like having a wife ( TL ) and a fancy woman ( Support ) on the side... you want to go with the TL ( wife ) as she has stood by you and respected you for along time but the support level looks tasty and you cant help but let your mind stray ;p
Always trade with caution and correct risk management.