This trade is with the H4 trend, and it has a pattern on M15 and M30, both of those timeframes are also overbought with multiple tops and divergence, this is a very good risk-to-reward type of trade as this is expected to fall all the way to the bottom.
#GBPAUD UPDATE Hi team we are here to update about GBPAUD. GBPAUD was in strong uptrend and break the support with strong momentum candle. If market retest the order block gives any reversal pattern confirmation like choch in LTF, we can see a bearish impulsive move up to 850 Pips+✍
Price is reacting to our sell entry at 1.9038, which is an overlap resistance, and aligning with the 61.8% fibo retracement and 100% fibo projection. Our stop loss is at 1.9104, which is an overlap resistance level, above the 78.6% fibo retracement. Take profit is at 1.8954, which is a pullback support level, at the 50% fibo retracement. High Risk Investment...
GBPAUD has been unswervingly bearish the previous week, but now we have here a change of character which is in sync with the daily timeframe. On the daily timeframe we have relative equal lows and looking for a pullback to the daily supply, so this should be a strong bullish move before going bearish. Back to this current timeframe, the anticipation is for price...
Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
A contra trade setup 🕛 TOPDOWN Analysis - A Decade of Consolidation in Yearly Chart Overview: The yearly market has been locked in a consolidation phase for the past decade. On the monthly chart, an internal bullish structure was established, achieving its target. However, a strong bearish engulfing candle signals a potential reversal. The weekly chart reveals...
GBPAUD turned briefly oversold on the 1D technical timeframe (RSI = 30.322, MACD = -0.013, ADX = 62.269) while pricing a LLL at the bottom of the Channel Down and the S1 level. The latter in particular can attract considerable buying power to push it for a 1D MA50 and R1 Zone test. This will determine the trend onwards but on the short term following 6 weeks of...
GBPAUD currently for me in a neutral phase. A break above the 1.90719 and its retest, I will look for a long position while a break below 1.89722 and its retest will indicate a short. Until then, fingers crossed Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past...
My dear followers, This is my opinion on the GBPAUD next move: The asset is approaching an important pivot point 1.9062 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.8966 About Used Indicators: For more efficient signals,...
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✅GBP_AUD broke the falling Resistance line and the Breakout is confirmed so I am now locally bullish biased And I will be expecting Further growth ahead LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The GBPAUD pair has broken below the first Channel Up (dotted lines) and in extension the 1D MA100 (green trend-line). Currently it is testing the bottom of the second (and final) Channel Up (blue). Technically that is the most optimal level to buy for the medium-term and target 1.997800 (Resistance 1). On top of that, the 1D RSI bounced back after becoming...
Hello traders, There is one entry and 2 TPs for Pound-Aussie Levels calculated order_block, regarding support and resistances, channel and pivot points.
GBPAUD Buy Swing Stop Loss: 1.896 Targets: 1.904 1.906 1.910 1.920 1.930 1.940 1.950
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at1.9077, which is pullback resistance level Our take profit will be at 1.8976, a swing-low support level. The stop loss will be placed at 1.9166, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
Here is my analysis for GBPAUD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hi Traders! There is a triangle formation on GBPAUD, and we have possibility of a breakout to the downside. Price Action 📊 The market has had lower highs and lower lows since breaking below the 20 EMA, creating a symmetrical triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental...