Hello traders, we want to check the GBPAUD chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to play the role of a resistance level for us and cause the price to fall. If the price falls, we expect it to fall around the price of 1.88600. Good luck.
GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075)
The current move lower is expected to continue.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.8850 will confirm the bearish momentum.
Our profit targets will be 1.8820 and 1.8780
Resistance:...
Here's my projection on GBPAUD, i expect a leading diagonal (forming) before continue to bull.
Elliott Wave is high subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Cheers.
the price managed to break the bullish trendline and form a bearish structure for now. If we pull the Fibo extension, the price is right at level 1. There is a possibility that the price will still go down to Fibo 1.618 where this area also intersects with strong support.
GBPAUD is trading in bearish parallel channel. And also completed ABCD pattern which signs for a bullish attempt. As the RSI being over sold seems like a potential buy setup.
what you guys think of it ?
GBPAUD is forming a false breakout and a global reversal pattern that could send the price 400 pips down.
TA on the high timeframe:
1) False breakout of the resistance zone: 1.9183 - 1.9035
2) Price breaks the base of the reversal pattern and forms an impulse.
TA on the low timeframe:
1) The H&S reversal pattern starts the realization phase
2) As the price is...
Pair Name : GBP/AUD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Retest...
GBPAUD short term sell. The pair has been trending downward. We are looking for a potential retracement to the 79% Fib level (that is in line with the OB). Price is also approaching this level in a corrective manner.
The previous analysis saw that GBPAUD is in an uptrend. Today, the price is approaching the strong resistance zone 1.94530, if the price fails to break through, We expect a correction Consider selling the red zone, targets 1.92218, 1.91012, 1.89445 and 1.87244. >> GooD Luck 😊
GBPAUD is trading inside a Channel Up and the recent rejection on its HH trendline has turned the 1D timeframe neutral technically (RSI = 51.719, MACD = 0.007, ADX = 31.058). This is a sell signal which on the short term extends to the 1D MA50 (TP1 = 1.891500). If the price action closes a candle under the 1D MA50 and the HL trendline, we will sell again,...
This trade is again in the radar!!
If it gives me a bearish confirmation, I'm shorting the pair.
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
We have a potential trade on GBPAUD. The market has an uptrend after the NZD CPI, and I anticipate a retracement during the London session following the momentum of the Asian session, with price returning to the 1.9140 zone where we have a Fibonacci confluence. We should wait for proper confirmation on the H1 and M15 timeframes while managing the risk. Greetings...
GBPAUD
after rejected from resistance we thinknow get in bearish and drop to support zone and after price down to support we think get in bullish again at support and getting to test resistance again
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Take a look at our analysis for GBPAUD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.921.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
