Looking at the GBP/AUD pair, what I can see is that a minor support zone has been breached downwards. Additionally, there is an imbalance below on the left side, which suggests that we could witness a continuation of the downtrend and that the price could potentially reach 1.95065.
Dear Traders, hopefully you are doing great, we will be approaching major area wait price may reverse big time let's not miss out on this great opportunity. There is gap which needs to be filled if you look into the daily timeframe you will realise that price expected to fill up that area. Good Luck And Trade Safe
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it seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
Educational Analysis says GBPAUD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Because GBPAUD Facing Bear or Short Traders Pressure From this area to go down. This pair has started to make a change of character. So this will be my trade set up to earn 5000 pips on...
GBPAUD, i am expecting GBPAUD short because of Choch and it is now testing order block which will throw it back down
GBPAUD testing strong support area again, let's wait if support breaks or resist from the area. Manage your risk according to account size!
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GBPAUD, I am expecting 400+ pips move from this level, minimum at least 250+ pips move should be there till latest H1 OB.
GBPAUD ranging in downside parallel channel, wait for breakout to take entry. Manage your risk accordingly!
Trade Briefing Price is approaching monthly resistance once again but at a lower level; BXY is indicating a 1% decrease in the upcoming day or so; it previously rejected this area and we're hoping for a similar outcome. We have GBP Flash PMI @ 430AM 0/725 Price is being monitored on the 15m interval and any closure above previous high will void this trade. ...
Pair : GBPAUD ( British Pound / Australian Dollar ) Description : Bearish Channel in LTF & STF as an Corrective Pattern Break of Structure Impulse Correction Impulse Fibonacci Level - 61.80% Head and Shoulder
GBPAUD ranging in upside parallel channel, wait for breakout to take entry. Manage your risk accordingly!
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 completed ABCD pattern now hopefully we can see the retracement from here towards upside. Manage your risk accordingly!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
if we pull the trendline as in the picture, it looks like a bullish channel. today there has been a high enough bullish movement to form a BoS. the closest target is the channel trendline above.
GBPAUD is forming double top on 1hr chart hopefully we can see the sell pressure through this resistance.