Head and shoulder set up at the minor quarter point price. Wait for any retracement before entering the sell . Preferably at a demand turn into supply zone on the 4hr timeframe (tf) .
As for GBPAUD, we might be looking for a retest, and then the market will be giving bears at the high momentum as for the news event on April 24, 2024 (consumer prices account for a majority of overall inflation). Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation...
"Our ironclad departure plan: activating the 1R break-even function, initiating the 2R trailing stop, all executed through our in-house EA tool."
we planning on going long on gbpaud, as we saw gbpaud has been in a bullish channnel and it has just reached the bottom of the channel, Witch has caught my attention, I think its a really good setup
Reading the waves and Speed Index 1. After the High up Volume wave the reaction a Down volume wave with very high PVR 2. Fake Break with a very fast Speed Index of 2.5 3. Abnormal Speed Index of 15.4 with PRS signal = sellers Price dropped to Fib , next is to monitor reaction on Fib, bias is to continue Short
Short, W1 down trend, D1 downward. SL - 1.94630, TP 1.88090.
My dear friends, Please, find my technical outlook for GBPAUD below: The instrument tests an important psychological level 1.9258 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.9394 About Used Indicators: Super-trend indicator...
GBP AUD - PRICE BACK TO THE SUPPORT ZONE TO FILL LIQUIDITY here we can see that price got a break out from up trend line price has to take retest ,make a short entry after this zone to till support zone, follow for more live updates
✅GBP_AUD is going down now But a strong support level is ahead at 1.926 Thus I am expecting a rebound And a move up towards the target of 1.930 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Looking at GBPAUD trading off this 4hr FVG. It's more clear on the 5 min chart than the 15min. Stops were ran this morning from the first impulse leg.
GBPAUD give breakout of LH , also bullish divergence occur indicate that buyers are in control. We can attempt to buy by placing buy stop. SL , TP mention in chart
Price Action H4 bearish trendline have been broken towards upside. With price setting a higher high amd higher low. As price retrace back to the broken trendline, it formed a H&S patterns. Price just broken the resistance neckline of the H&S and close strongly above. Set a long trade target H4 Swing High
Short signal via Swing Sniper. This signals a market reversal on the current timeframe (30m). Also just made a perfect rejection off of 4h supply zone. Should be short down to 1.9285.
GBP/AUD broke out of a short term bearish channel impulsively to confirm a change in the market direction to the upside.. now we can the market is pulling back in a corrective manner to retest the zone where it broke out. lets monitor this setup for buying opportunities around key area 1.92800
Trade Call: Short Entry: 1.93104 (Sell Stop) SL: 1.94080 TP1: 1.92130 TP2: 1.91150
My dear subscribers, My technical analysis for GBPAUD is below: The price is coiling around a solid key level - 1.9396 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.9314 My Stop Loss - 1.9447 About Used Indicators: By the very...