After a higher timeframe demand failed, price fell with huge momentum and thus leaving behind a huge imbalance. It quickly lost bearish momentum and and gained bullish momentum instead, breaking structure to the upside which could be a first sign of a retracement up before the expansion down. Price has formed liquidity to take above an establish demand zone it...
Hey Traders, Tomorrow's trading session has our attention focused on GBPAUD, as we seek a potential buying opportunity in the vicinity of the 1.85400 zone. GBPAUD is currently experiencing an uptrend but is also undergoing a correction phase, gradually approaching the significant 1.85400 support and resistance area. Wishing you all safe and successful...
GBPAUD crossed under the 1D MA50 three days ago for the first time in three and a half months and today upon a retest as Resistance it is initially failing. With the 1D timeframe technically neutral (RSI = 45.941, MACD = 0.001, ADX = 27.184), if the price gets rejected then selling should transition into the 1W timeframe as well and start testing the lower Support...
We're looking at GBPAUD on the H4 timeframe today - and we can see that it has already bounced quite nicely off a major overlap support. Now the key thing here is the 23.6% Fibonacci retracement. If price is able to break beyond that level, we could see a further acceleration up towards the 1.8805 level which is the 38% Fibonacci retracement and a bit of an...
See Chart For Currency Performance YTD Gold biggest performer while JPY the weakest.
Hey Traders! 👋 For Day 22/100 of our challenge, we will look at USDJPY upside potential this week. Technicals: - Impulse higher into 1.917 - Now retracing - Pivot area at 1.898 expected to hold as support That's it for now. Will be monitoring this thesis If 1.886 breaks, long idea is invalid
Cette paire doit probablement maintenir sa remontée. La tendance est plutôt haussière.
GBPAUD potential leg down 1:2 RRR Bouncing off huge trendline + retest of weekly support/resistance level
Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.87200 zone, GBPAUD is trading in an uptrend and currently in a correction phase in which it is approaching the uptrend at 1.87200 support and resistance zone. Trade safe, Joe.
GBPAUD - 24h expiry Previous support located at 1.8740. Previous resistance located at 1.8800. Broken out of the triangle formation to the upside. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.8715 (stop at 1.8650) Our profit targets will be 1.8825 and 1.8850 Resistance: 1.8800 / 1.8850 /...
Hey Traders, Check this sell opportunity on GBPAUS, after the break of the lower band ascending channel. Price went back up to retest and confluence with the previous OB / supply area. After the break of the ABC pattern, a sell opportunity can be look for. Alternatively, a break above the supply could mean more bullish movement Stay close.
Bullish Setup The next HH HL is the sinal of the Bullish Trend start Here’s the 4hr Elliott wave Chart from the 4/14/2022 New York update. In which, the rally to 1.6866 high ended 5 waves from the 2/10/2023 low in wave (1) & made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at...
GBPAUD is on neutral 1D technicals (RSI = 51.795, MACD = 0.008, ADX = 21.379), which indicates high upside potential inside the two month Channel Up into Rising Megaphone pattern. In addition, the price is holding the 4H MA200. Target the top of the Channel Up (TP = 1.92000). ## If you like our free content follow our profile to get more daily ideas. ## ##...
Still I think this gonna go up, I've closed my first entry on Friday but today price reached the planned stop. I will place a buy limit there. Remember: Take some profits if the trade is going as planned and move your SL to entry.
The GBPAUD pair is trading within a Channel Up pattern since the February 02 Low. With the 1D MA50 (blue trend-line) supporting, it is attempting to fill the Gap form January 28 2022 and test that Resistance. As long as its holds we will be bullish targeting 1.92300. A closing below the 1D MA50 will be a sell signal, targeting the 1D MA200 (orange trend-line) on a...
We are clearly in an uptrend, I expect to retest 1.87 zone and bounce from there. Remember: Take some profits if the trade is going as planned and move your SL to entry.
Hi viewers, GBPAUD price on zone, what can see its for expect bearish period on GBPAUD in next periods, keep eye on this trade TP1:1.83500 (125) TP2:1.82900 (185) TP2:1.82300 (245)
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