INVERTED HEAD&SHOULDER in GBPAUDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has made an INVERTED HEAD AND SHOULDER PATTERN. One can go long.
Let us know your views on this in the comment section. Thank you all.
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Gbp-aud
The trend is your friend, until... The trend is your friend, until it...BREAKS!
What do I mean by this? Well I will produce a video this week explaining what I mean by this and how fixed-income market is something you should be keeping an eye on
Now $GBPAUD - Beautiful bearish movement we've had for a while but now we getting bullish candle! What does this mean?
Sorry to disappoint you or to get you excited - it means absolutely nothing at this current moment of time, we in bearish channel and if we close above out of this channel, then sure bullish movement could come into control for short term and go to next resistance if NOT - guess what, the trend is still your friend, so you take the short side! There is most likely going to be a set up on short term time frame brewing and there was long opportunity this week, a great set-up should be brewing for us to trade next week.
In my personal opinion, I rather be late to the party than early.. All explained in the week ahead video!
Have a great week ahead
TJ
Disclaimer: Not Investment Advice
GBP/AUD Long IdeaHello Traders
Last few weeks were so harsh for GBP/AUD as this pair had a non-stop falling.
Now its seems GBP found some space to breath.
We believe Price will see some Correction.
Also:
1- We can see Dragonfly Doji Candle in Weekly TF.
2- Downward Trendline has been broken.
3- We can see RD+ in RSI.
4- RSI has broken its downward trendline.
Thanks For Reading
Team Fortuna
-RC
GBPAUD Trade Update (+2000 Pips)GBPAUD trade was posted on my tradingview account just a few days ago and after getting some reaction after the liquidity grab, we got to see a nice movement to the upside. GBPAUD trade is currently up 2000 pips and counting with a moved stop loss securing over 1000+ pips!
WEEKLY LOOK ON GBPAUD - ELLIOTT WAVE ANALYSISHi Ellioticians, GBPAUD weekly time frame suggests a big, bearish, three-wave move to the downside from the 2.71 high. We labeleld a completed impulse in A, followed by a possible completed triangle corrective pattern in wave B, at the 1.954 lvl.. This year's sharp decline, and a break below the lower triangle line is a suggestion that the triangle correction can be completed and wave C underway well below the 1.442 lvl. in years to come. That being said, a break below the 1.744 swing low will be another indication that the GBP is weakning in years to come.
The alternate scenario suggests another complex correction to be underway in red wave B.
Trade well.
GBPAUD Liquidity grabGBPAUD continues to trade into liquidity as price action trades lower. There has been multiple instances of a liquidity grab with no movement upward. This is either to grab more liquidity for a movement upward, or expect price to continue trading lower. However if we are able to get a nice movement to the upside after this or the last liquidity grab, Ill be taking longs.
GBPAUD WeaklyHello friends | I only do simple analyzes with this phone If a small screen is displayed to you I'm sorry Well as shown in the analysis GBPAUD at 12% weekly timeframe Has almost fallen A 12% drop pattern is expected to continue to form in the weekly timeframe But according to the price pivot 1.7568 Have a pullback up and then the price will fall again 🔻 Thank you very much for your support 🌹 Only the analysis is personal and do not see the signal 🚫 Please support us in this direction to provide more analysis 🙌🌹❤
GBP/AUD falling with strong downside momentum...The last time we broke down GBP/AUD was when it was trending north on the daily. Since then we have taken a huge plummet driving the trends down and prices back below 1.8000.
1.7500 looks like a comfortable 100+ pip landing spot with more potential for heavy downside movements.
As of right now there is very little upside opportunity and we would advise traders not to try and pick a bottom.
We will provide an update over the coming weeks to see how this pair plays out.
GBP/AUD Symmetrical TriangleGBP/AUD has successfully tested the 1.2715 support, and the sellers are exerting a huge amount of pressure to break the support level (as shown in arrow 3). But any successful rebound toward the upside of the market.
A break above the upper trendline would initiate a new bullish wave and this could be a huge spike because we will all be buying. LOL.
I am looking forward to a long position, and my entry-level is above the upper trendline at 1.7880.
GBPAUD daily shortsGBPAUD daily timeframe shorts, I did this a few days ago I didn't post it I was expecting shorts into 1.88.00 / 1.8500 and 1.8300 from here onwards it is possible that this pair makes new highs before dropping to the downside or it may still continue moving towards the directions of my trade
GBP/AUD BUY... News/Fib & SupportGood buy opportunity on GBP/AUD
Last week guys shorting made good money. The downward price action was bought on by news and Russia Ukraine tensions.
Price action found good support zone and reversal is happening on the fib to the second level 0.382.
Will take profits on the way to the 1.876 level.
GBPAUD Bearish, Price too low to enter. Pullback likely soon.GBPAUD
1D TF
Observation:
Rainbow Strategy: Bear since 16 Feb
Kaju X: Bear since 07 Feb
Kaju Fusion: Bear since 16 Feb (price too low to sell)
RSI Oversold (Retracement very likely)
Watch Nato news for updates of trend
Trade idea
Sell: 1.87788-1.89034
TP1: 1.86788
TP2: Let Profit Run!
SL: 1.90034
Not advisable to enter a trade immediately.
Wait for pullback!
GBPAUD LOCAL LONG OPPORTUNITY Welcome back! Here's an analysis of this pair!
**GBPAUD - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy