In mid-August, FX:GBPAUD tested a significant 2.0 figure and a correction of more than 1,000 pips followed shortly.
Subsequently, the pair has been trading within a range, with a horizontal support just below 1.9 and a resistance level above 1.93.
On Monday, the pair retested the 1.9 figure and promptly reversed to the upside, currently trading at 1.9220.
The...
I hope you all are doing great!
GBPAUD has been making quite a lot of waves in the recent past, both on the 1h and 4h TFs.
Previously, I had managed to find a 'Gartley' on the 4 hourly but missed entry due to force majeure.
Now I have a 'Cypher' on the 1 hourly chart.
Entry at D point completion and, although the SL should be kept above X, as per setup, I...
Price is moving sideways, we are overbought on the higher time frame (4HR) and I think we will get a bounce down. Used previous structure for SL and a soft 0.4:1 RR
I would like to take GBPAUD back to the upside from what I believe is an inverted H&S pattern. I believe it could push much higher than my target but this should be a nice swing play. Expecting a break out soon.
Certainly! Here's a structured thought process for your GBPAUD weekly analysis:
GBPAUD Weekly Analysis:
Identification of Downtrend:
Observed the existence of a previous downtrend in the GBPAUD pair.
Formation of Head and Shoulders Pattern:
Recognized the potential formation of a Head and Shoulders pattern, a reversal pattern consisting of three peaks – a...
I created this indicator to make life easy to those who are struggling with finding a good strategy. the indicator work at 5m tf, for those who want to see real signal created just ask. Enjoy profit.
Update: half profit locked and be placed.
Adjust your risk/reward appropriately. And make it risk free when in good profit...
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About the analyst:
Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. After a long while of diplomatic cooperation as an adviser to Barack Obama, and as a veteran; but, finally, unfortunately he got deported from Turkey to Iran. While, in fact, he was praised by...
GBPAUD is in a sideways trend. So applied support and resistance lines to find support and resistance. And to take the short trade set the S2 as the sell Stop and S1 as the Stop loss and calculate the TP. And to take the long trade set the R2 as Buy Stop and R1 as Stop loss and calculate the TP.
My dear subscribers,
GBPAUD looks like it will make a good move, and here are the details:
The market is trading on 1.9050 pivot level.
Bias - Bullish
My Stop Loss - 1.9022
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.9109
About Used Indicators:
The average true range ATR plays an important...
I believe we are in a squeeze currently. Price action has shown tremendous discipline up until today. Maybe I'm lucky, or maybe on crack, either way, I am having fun. Let's see what happens. Up or Down?
