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.
Gbp-aud
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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GBPAUD is a LongWe recently caw good bounce from 0.382 fib after the completion of our previous upward impulses cycle. And now we are in the new upward impulse waves indicating that the Buyers are dominating the market. I have not seen the weekly waves yet so I am assuming that the next upward impulse wave will be wave 2.
It will be a good thing if we swiftly go up with good volume from that Flag, but lets see how the market reacts.
GBPAUD SELL from this point , we are able to see a resistance zone , both lateral and dynamic. this shows me there is strong bearish pressure around this zone , we will wait for a structure on the 1 hr or 4 hrs , to find a chance to the support zone that has both lateral and a double bottom. for bullish move.
GBPAUD Buy signalPattern: Channel Up on 1D.
Signal: Buy as the price remains above the 1D MA50, which during the previous bullish leg to the Channel's Higher High, was the Support.
Target: 1.96000 (just below the 2.0 Fibonacci extension).
Extra indicators:
* The 1D MA50/100 Bearish and Bullish Crosses happened almost at the exact levels of the Cup patterns. An internal Channel Up followed the Bullish Cross.
* The RSI sequences of as the Cup transitioned to a Channel Up, are very similar.
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GBPAUD on bullish momentum! | 8th Feb 2022Prices are on bullish momentum and abiding to an ascending trendline. We see the potential for a bounce from our buy entry at 1.89548 towards our Take Profit at 1.91125 in line with 61.8% Fibonacci extension. Ichimoku clouds are forecasting the bullish move.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBPAUD - SETUPGBPAUD price dropped from a critical resistance area after printing a good upside move last week. We are expecting that bears will show dominance and will drag the price down towards fib level 0.38% and if they carry out their momentum the price will drop towards a 0.618% level. So watch the levels carefully.
GBPAUD potential for dip! | 31st Jan 2022Prices were abiding by our ascending trendline. We see the potential for a dip from our sell entry at 1.91223 in line with 100% Fibonacci retracement towards our Take Profit at 1.88993 in line with 38.2% Fibonacci retracement. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
A divergence signal appeared with GBPAUDH4 time frame.
Structure: Uptrend.
A divergence signal appeared with the MACD indicator.
Wait for the price to break the Key level at 1.87500 and have a bearish confirmation signal, then you can find selling opportunities.
The profit target is the 1.84000 price zone.
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Wish you all have a good trading day!
GBPAUD bullish momentum! | 24th Jan 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry in line with 61.8% Fibonacci retracement towards our Take Profit at 1.9196 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement . RSI is showing further bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBPAUD bullish momentum! | 24th Jan 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry in line with 61.8% Fibonacci retracement towards our Take Profit at 1.9196 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. RSI is showing further bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBPAUD is on bullish momentum! | 21 Jan 2022Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
A divergence signal appeared with GBPAUDH4 time frame.
Structure: Uptrend.
A divergence signal appeared with the MACD indicator.
Waiting for the price to break the Key Level at 1.87800 and have a signal of confirmation of the downtrend, a selling opportunity can be found with GBPAUD.
Profit targets are 1.86000 and 1.84000 price zones.
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Wish you all have a good trading day!
GBPAUD potential for short pullback! | 11th Jan 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a short pullback from our sell entry at 1.89354 towards our Take Profit at 61.8% Fibonacci retracement and 61.8% Fibonacci extension . RSI is at levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBPAUD potential for short pullback! | 11th Jan 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a short pullback from our sell entry at 1.89354 towards our Take Profit at 61.8% Fibonacci retracement and 61.8% Fibonacci extension. RSI is at levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.