". There is still a possibility of temporary retracement to the suggested resistance line (1.82728).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. GBPAUD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which...
GBPAUD analysis overview-
Monthly closure - bullish engulfing, giving me a long bias(long term) for the time being
Weekly chart - bullish closure with a significant bullish rejection (long lower wick), can potential start ranging if reject from the resistance level ahead
In this trade I’m revising GBPAUD if this trade that triggers fails at SL on the Long it means it has broken structure where the Purple Magic Wand Arrow.
Therefore we look back above at the nearest supply zone on its reversal to then hit the continuation down trend and hit the lower Demand area giving us a very nice R:R of 1 to 5+
Taking back that potential...
I will be monitoring price action around market open to determine whether or not this trade is valid.
I would like to see a slight pullback into the order block before we target the break and re-test liquidity.
Currently in GA SELL! Partials Taken. I cant lose. I Will let this trade play out the imb. Asian sweep. I entered this on the 3min chart with a COT. If this comes take me out for a B.E, I will be fine and move onto the next trade.
PoundAussie PA has been moving down nice and corrective on the higher TF. There are a lot of equal highs and equal lows forming, these will get swiped with all the liquidity above and below them. I will be looking for continuation patterns on the lower TF. The easiest way to trade GA is to dissect it into stages to make it more visible to see the patterns, The...
Look at my last forecast of areas i was interested in for GBPAUD. I had two strategies in the one entry which is what I love, The asian sweep and My POI. The Pa could definitely turn here, we dont know where my PA is going. We just enter in high probability areas and protect our capital so we don't lose capital, you can make trading that simple and not over think...
GBPAUD is consolidating, getting ready for its next big move. Higher time frames suggest it is starting to be bullish . I will be waiting for Key areas to get hit before looking for an entry. Lets see what NY session brings us.
I made 12% and 25% on GBPAUD this week! I will post my trades below. GBPAUD is looking great for more buys and possible sells later in the week. Lets see if Monday/Tuesday Pa creates another Higher low. Higher time frames is suggesting this pair is start be bullish . However we have some important key areas above for possible rejection. Give me a follow and like...
After a strong bullish performance on GBPAUD, we encountered a wick spike to the upside caused by NFP, most likely wiping out the sellers who were fighting the exhaustion of the move. This could be the catalyst to create some downside momentum to fill some of the voids.
Looking for this to turn higher at the current support level. Keep an eye on MACD and EMA's and possibly 1HR timeframe as well for the point that this holds up before turning higher. Its possible to slightly overshoot the blue line I have drawn in around 0.382 Fibonacci before turning.
Setting target at the previous high of 1.80100 for now. Need to see that...
GBPAUD has finally broken the bullish trend line, and has started to create a bearish trend line with the two LH. The pair should retest bullish trend line and at that point the entry should be perfect to take it down a couple of hundred pips!