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Gbpaudtrade

GBPAUD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective of GBPAUD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. Price started the retracement which we can see better on 1H timeframe, I expect the continuation of retracement as we have and imbalance lower that can be filled and if price rejects from bullish order block + institutional big figuer 1.80000, I will open a long position. Fundamental analysis: On Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPAUD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective of GBPAUD . Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.80000. ‼️Attention!!! Due to the fact that we have news events on GBP on Tuesday and Wednesday, the analysis can be invalidated. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPAUD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective of GBPAUD . Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to continue the retracement to fill the imbalance lower and then to reject from bullish order block. ‼️Attention!!! Due to the fact that we have news events on AUD next Tuesday and on GBP next Friday, the analysis can be invalidated. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
GBPAUDOur setup on GA from last week is still very much valid coming into this week, price still finding it hard to break through the inner resistance around 1.75045 with price forming a double top on 4HR timeframe and a third touch rejection on daily TF. I expect pice to respect this formation giving that it gave us a bearish engulfing on daily TF last Friday. Price might give us a third touch on my trendline around 1.73215 or form a "W" pattern bounce off at 1.72596 before the big move upward. Trading recommendation: Watch for potential sell opportunity around 1.74371 TP: 1.73215 As always, we react to what we see in the market and always take fundamentals into consideration before entering the market!
Short
by djhopssy
1
GBPAUD Trading Plan - 8/Feb/2023Hello Traders, Hope you all are doing good!! I expect GBPAUD to go Up after testing OB + Gap. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
GBPAUDIf you followed my analysis on GA last week, we took a short buy which got to our TP but as i said the overall trend on GBPAUD was a sell. The sell did happen at resistance level of 1.76229 around the 50% fib level but price got rejected again on the support level at 1.72596 and also bounced off my trendline (Third touch) which further confirms the change in price direction for a buy. I expect a push back up to 1.76229/1.77262 for a proper rejection before the main SELL happens! Mind you, we also have to take into consideration of the upcoming fundamental news this week on AUD cash rate followed by RBA statement on Tuesday and GBP monetary policy and GDP coming up on Thursday and Friday respectively. Trade recommendations: Look for a buy option around 1.73499 TP 1: 1.74910 TP 2: 1.76229 TP 3: 1.77262 Note: As always we react to what we see in the market!
Long
by djhopssy
GBPAUDGA bounced off the demand zone of 1.73410 last week although i won't be surprised if price comes back there to form a double bottom on 4HR timeframe for a proper testing of the zone before the major move upwards to 1.74919 (TP 1) and 1.76357 which will be my final TP and also happens to be 50% FIB level. The overall trend on GBPAUD is sell so the buy i'm taking is a retracement move which happens to be a short buy. The weekly candlestick closed with bearish engulfing and as we all know that engulfing bar rule states that the next candlestick often gets to the 50% level of the previous candlestick hence why we taking the short buy.
Long
by djhopssy
2