GBPAUD Buy IdeaOANDA:GBPAUD has formed strong demand zone from where it has bounced multiple times. Currently, it is again trading at same support zone where we can expect a potential move up.
AUDGBP trade ideas
GBPAUD short/sell (4R Probability)Hello traders
Reason for trade:
1. Complete expanding flat (ABC)
2. Break of mono wave
3. Corrective/ slow movement upwards to close the FVG
4. C wave needed to complete the structure + LIQUIDITY at the bottom. (0.93135)
5. 4 HR Engulfing candle
6. MACD divergence in 15 minute and 4HR TF
7. Strategy: Wait for the FVG to be closed before a sell or
Look for a sell at 61.8% of the FIB levels or
Enter at ENGULFING candle downwards
Entry: 0.94600
Stop loss: 0.95059
Take Profit: 0.93135 (LIQUIDITY)
GBPAUD: Bullish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPAUD chart which, if analyzed properly, clearly points in the upward direction.
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GBPAUD - Inverted Cup &Handle -bearishShort term trend broken down through the brim of an inverted cup &Handle.
With moving averages (20 & 200) crossing over above the price.
GBP/AUD WEEKLY BEARISH MOVE As we start on a fresh week so does The pair my analysis if correct will be that if we break the zone @ 1.93000 my sell entry @1.93056 1st Tp would be around @1.91878 that's for conservative traders but for the aggressive traders who want to drive the market all the way down to scope the last liquidity then it would be @ 1.89585 the big institution would eyeing that zone as they try to mitigate the zone but for now am with the bears for this week
GBPAUD OUTLOOK Am expecting a sell
Looking at the weekly timeframe there was a false breakout which price currently is back inside the zone that was broken and there was a weekly engulfing candle last week
Then looking at the daily timeframe there was a reduction in the green candles sizes and price made a flag pattern so am expecting a completion of the z pattern
GBPAUD1.GBPAUD is inside of a consolidation phase.
2.It has been reacting off of the support and resistance trendlines.
3.This time, the price reacted from the support trendline, which makes it a good enter point for Buys.
4.We buy GBPAUD
GBP/AUD GBP/AUD appears to still be in a buyers Market on 12H - 4D time frames. Price is currently consolidating in the last imbalance zone. Monitoring for a buy entry if price reaches the 1.93302 - 1.92920 zone. Also monitoring for a sell if price reaches the 1.95363 - 1.94995 zone looking to take profit around 1.94750
GBPAUD TRADE SETUP BEARISH✔ Pair Name: - GBPAUD
✔ Classic bearish formation
GBPAUD short time sell setup created. If your analysis matches it take a trade otherwise skip the trade.
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GBPAUD-No Clear DirectionIn the previous sessions the pair was under volatility move. After breaking the previous low gving confirmation of downtrend.
Currently the pair is consolidaing giving no clear direction of where the pair is headed. Support and resistance is marked on the chart. But as per my analysis the the consolidation will break down as it is bearish rectangle formation.
Trade plan:
Bearish bias is expected in the pair but have to wait for conformation before any trade can be triggered. Short position can be taken after S2 is broken while long position can be taken after breaking the R2 resistance.
GBPAUD ANALYSISLorem ipsum dolor sit amet. Ex quibusdam assumenda sit cupiditate recusandae quo maxime dolores At magni asperiores quo corrupti corrupti ut quia dolores ut voluptatem iusto. Aut officia atque id possimus voluptate aut veritatis ducimus. In dignissimos incidunt sit internos quos qui nesciunt voluptatibus sit molestiae doloribus ut eius quas et deserunt sunt. Qui amet voluptatibus qui laudantium aperiam qui ipsam quos et sapiente dolores non molestias expedita id galisum rerum qui similique aspernatur.
GBPAUD Possible Short Position BBMA OA ReEntry Zone Zero Loss1D - Re-Entry
4H - 50 EMA Rejection + Bollinger Band
Rejection
1H - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 1D and wait for possible reentry again
* 1:3 RRR
* TAYOR
*monitoring for 2 weeks
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Gbpaud G paid for sell, after hiting a weekly resistance zone and breaking out of a trendline and retested a daily zone and a bearish engulfing candlestick pattern.
GBPAUD1.GBPAUD has made a 3rd touch on the support trendline.
2.The market is in an uptrend as it is forming HHs & HLs, So we buy GBPAUD because it showed us that buyers are in control the moment the H1 closed bullish as it moved away from the support trendline.
3.Lets Buy GBPAUD
GBP/AUD is going to drop around 1.93(8/16/2024)After completing a 5-wave EW impulse pattern, GBP/AUD correction has been started around the 2.00 zone. since then the price dropped until reached 1.933 where the previous resistance exists (which made it into support after breaking).
Yesterday, after releasing good fundamental data from AUD, the price started to drop again from 1.94100.
We believe the price will be going to make a new low and eventually reach 1.93.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPAUD Long Burgain HuntingGBPAUD Long Burgain Hunting
- Price is above 15 period Hull Moving Average
- Burgain Day entry
- R:R 3:1
GBPAUD Long and Short scenarioGBPAUD is bullish now on 1H time frame.
But It's downward on daily.
The price is just retracing to key level 1.9548.
After price reached the key level it will go down.
GBPAUD Possible Long Position BBMA OA Reentry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band Rejection
15m - CSAK + Entry in MALO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H and wait for for another POSSIBLE entry
* 1:3 RRR
* TAYOR
** wait for BB Low Touch in H1
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
4h RANGE inside LONG NY 20240814-15TYO4h RANGE inside LONG NY 20240814-15TYO
Day RANGE
WEEK RANGE
4h
RANGE
RANGE br uop then LONG (N dow)
MTF= day 4h = 60m N dow or 30m N dow L2
or
8/14 NY LONG swing
GBPAUD SELL to BuyGBPAUD may bounce back from Supply zone to a good demand zone for buy. We will look for both oppurtunities. Aggressive traders set limt orders while conservative ones will look for confirmation patterns at these zones for trade entries.
GBPAUD LONG IDEAGBPAUD is consolidating and it might breakout out of structure, wait for breakout confirmation before going long. Goodluck
