GBPAUD Long Analysis Hey traders, here is the analysis for the GBPAUD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer:- This is not financial advice.
Gbpaudtrade
GBPAUD TECHNICAL ANALYSISGBPAUD Created Bearish Flag im expecting it to bounce back to the downside to test strong support @ (1.71737)
before we can have strong upside momentum.
key area to watch will be our strong resistance @ 1.8000 we will be waiting for reversal signs for confirmation
GBPAUD | SELL !! ON BREAK BELOWGBPAUD has been trading in bullish parallel channel and it gave a break below on 27th Apr with price testing the support zone.
We saw a retest towards the break below region as if forms a lower high (Confirming bearish trend). Now the price is heading towards the support area again and we will look to sell it if the support zone is taken out.
Trade your levels accordingly.
GBPAUD Chart H1Here is my view for GBPAUD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPAUD- SellGBPAUD at a point of resistance. Has been on a downtrend and is likely to continue with downtrend.
GBPAUD Chart H1Here is my view for GBPAUD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPAUD Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPAUD currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, the price has completed the 5 wave impulse sequence down on April 5. From that point, we have been trading higher in a corrective formation which appears to be carving out a W, X, Y pattern.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 3 (green vertical line), and is projected to form a top on June 17.
Based on this, we can expect prices to move higher after the minor X (circle) is complete, which should be within the next few days or so at the latest. The price should continue until it reaches a distance equivalent to that traveled in wave W (circle).
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GBPAUD Breakout Long!!GBP-AUD was trading in a downtrend
But now we are seeing a breakout
From the narrowing falling wedge
Which makes me locally bullish biased
And I think we will see a retest
horizontal resistance at 1.77812
Buy!
short term buy opportunity for gbpaudconfirmations:-
1- RSI divergence
2- inverted H&S with Borken nick by bullish engulfing
expected target first supply level
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The trend is your friend, until... The trend is your friend, until it...BREAKS!
What do I mean by this? Well I will produce a video this week explaining what I mean by this and how fixed-income market is something you should be keeping an eye on
Now $GBPAUD - Beautiful bearish movement we've had for a while but now we getting bullish candle! What does this mean?
Sorry to disappoint you or to get you excited - it means absolutely nothing at this current moment of time, we in bearish channel and if we close above out of this channel, then sure bullish movement could come into control for short term and go to next resistance if NOT - guess what, the trend is still your friend, so you take the short side! There is most likely going to be a set up on short term time frame brewing and there was long opportunity this week, a great set-up should be brewing for us to trade next week.
In my personal opinion, I rather be late to the party than early.. All explained in the week ahead video!
Have a great week ahead
TJ
Disclaimer: Not Investment Advice
GBPAUD Prediction H1Here is my view for GBPAUD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPAUDPrice is respecting the the previous low and the demand zone some call it support area.Bullish rally taking charge of price as the selling momentum weakens.trade safe and be blessed
GBPAUD Prediction H1Here is my view for GBPAUD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPAUD Prediction H1Good morning, here is my view for GBPAUD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPAUD Chart H1Here is my view for GBPAUD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPAUD LONGList of confluences:
1: Double Bottom
2: Trendline Breakout
3: Change in market structure.
Risk Reward: 14.42 to 1
GBPAUD- BUY Continuation of LongGBPAUD has been on an uptrend and after reaching a key level has retested and reset the buying pressure. Likely to continue with the uptrend and SL risk is small.
GBPAUD Prediction H4Here is my view for GBPAUD on H4. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBP/AUD - SellMonthly:
1. Impulse
2. Complex correction
3. Break of correction with new impulse
Now the price is make correction and is very possible to see 3rd touch of trendline.
If 3rd touch happend with nice bearish candle I will sell.
Weekly:
1. Last week the price close like Doji candle
2. Break of neckline without pullback for test
Expect a little down drop.
How to predict to where the price will drop?
Well if I add fibonacci from the high to the low where 38.20% Fibonacci level will align with the neckline I can understand. 0.00% Fibonacci level align perfectly with lower low in the past from where the price is jump to the upside.
Daily:
1. Impulse
2. Double bottom formation / not completed for now/
Double bottom formation is trend reversal pattern.
4H:
1. Impulse
2. Complex correction
3. Break of correction with new impulse
Now the price is make correction and is very possible to see 3rd touch of trendline.
If 3rd touch happend with nice bearish candle I will sell.
GBPAUD Prediction H1Here is my view for GBPAUD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPAUD H4 TradeWe are Expecting to buy GBPAUD from this H4 Demand 1.79039 to Supply 1.81882 after Confirmation, We are expecting big buy till the Weekly Zone 1.89913 Stay Connected for more updates.
