This Is An Educational + Analytic Content That Will show entry ideas for trades.
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The...
I've been looking at this pair for some time, I keep missing the opportunities to capitalize on its movement. Price has been generally trending bearish since around mid August 2023. I think that I may be onto something here now. Price has retraced to an area of interest and has provided me with a lovely confluence ie;
1. Rejection of a level of resistance around...
After printing HH and HL on bullish trend on 1H Time Frame.
A significant bearish divergence is visible on the RSI indicating the beginning of a bearish trend.
AB=CD harmonic pattern has formed and D point might be possible Potential Reversal Zone.
Trading Plan is sell stop should be place at the HL and wait for the breakout of the HL.
Stop loss should be placed...
GBPAUD had a nice pullback to the broken channel and has chance to goes down again.
British pound is under pressure of uncertainty in economy and can weak against other currencies.
Trade safe.
Good luck.
💵Pair Name : GBP/AUD
Time Frame : 12hrs Chart / Close
Scale Type : Large Scale
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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☑️Bearish Retest...
Trend following pullback. Stable Uptrend on H1, Entry on M15 at rejection of support level.
R:R 2:1
Partial Take profit (50%) at 1:1 then B/E + 2 pips. Good luck :)
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.8983
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.8841
My Stop Loss - 1.9062
About Used Indicators:
On...
The price perfectly fulfilled my last idea and reached the target level. FX:GBPAUD fell from the resistance zone and pulled back to it again after a range breakout. The price bounced off the resistance by forming an impulse movement. I think it might go down because the overall market is bearish on the daily timeframe. The price is at the range border, which is...
Bearish bias for the coming week(s) as the GBP has been weaker in the previous weeks comparing with AUD
Both the weekly and daily timeframe showing us a bearish strength so trading along the market direction is what should be done.
Price is testing the broken support area now resistance. Aussie is getting stronger across the board, I expect another test to the 1.86 support zone. We can also notice a HS confirmed so the pair could fall even more to 1.82 zone.
Waiting for a break and retest of 1.89683 to short GBPAUD back to Daily swing lows with 1st target at 1.85147 and 2nd target at 1.82745
If you agree drop a like and if you have any questions leave a comment :)
