Reset the chart, (currently using G9 49" screen so bare with me) 61.80% last week, previous LH broken.
gbpaud is trying to create a higher high in HTF (higher time frame) but it showing difficulties because price reject and create a doubble top that means that trade can turn in bearish . For confluece we have 4 fresh demand zones that are waiting for price to come back. We can see a tripple top too cuz in this pair GA happen a lot this pattern. A sell limit...
D- double bottom, 61.80^ fib 4H- liquidity zone, weekly high broken. (Channel resistance is minor) 15 min- look for entry London open!
I'm selling GA. Price is at the resistance with a beautiful doji at the top, and I think that Gbp is also overall weak at the moment. tell me what you think in the comments.
I'm probably going to start to look for shorts over here. what do you think?
Price is still bearish, however we have a break above the secondary TL and zone I'm not overly interested inthis pair tbh, however I will be watching for potential longs if a good setup presents
Following my prev GA analysis shared here on the TradingView community. Im scaling in a position in the current LOW into the monthly lows 1.74500-74000. Beautiful trade setup with a stoked RR. If you haven't seen my previous GA analysis I urge you to take a look,! PEeace
CONFLUENCES: - Rejection of 51 EMA in 4hr - Bullish Market Structure confirmed by EMA crossover - Nice breakout from area of consolidation FX:GBPAUD
Confluences: - ABCD pattern Formation - Rejection from 51 EMA - Psychological resistance at 1.78500 - Large market gap from previous sessions
GBPUSD has recently broken and is currently retesting a s/r zone on the 4h time frame. This gives us an opportunity to go long for around 70 pips at the least. if price rejects the 1.3595 area again the market may find support at 1.3482 again for another 70-100 pips.
GOING LONG FOR NOW. JUST WATCH OUT FOR POTENTIAL REVERSAL
Waiting for a breakdown. - GBPAUD forming a H&S Pattern - Lockdown news in Uk
Price will be testing a major Support level, if you see my arrow markings you will see that price was aggressive and bullish pressure took over. This is a great buying opportunity. Wait for confirmations before entering. If you disagree, please leave a comment. If you found this idea useful, please like.