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.
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Gbp-aud
GBPAUD overbought at Supply ZoneGBPAUD is has had a very strong run up to a significant level that has acted as an area of supply since August, with price only briefly breaking above this area once before quickly driving back down below it.
RSI is overbought (>70) on the 12H, 6H and 2H charts and but has just had it's first sign of rejection out of this area. Expect price to see a correction back down towards the rising trend line as a short term reversal shouldn't see much support until the 1.86800 area.
Alternatively, if this impulse continues and price breaks through this Supply Zone, we could expect price to push up to test the next key level around 1.91000 - 1.91600, at which point price will be further extended and would be primed for a short term reversal.
⚜GBPAUD SHORT UPDATED 220pipsHello Traders, 🙋♂️🙋♂️🙋♂️
Here we have a UPDATED GBPAUD short trade idea. If you like this idea please show your support!
GBP
We have been anticipating GBP weakness recently as we have been very bullish and this bull run must come to a halt or a correction.
Factors
-Touch of our major trendline in the structure zone
-Expecting GBP Weakness & AUD strength
-Approaching WFB trendline
Entry - 1.888
Profit Target - 1.866 (220pips)
Stop Loss - 1.891 (30pips)
If you want to improve your trading, check out my other ideas! 📲
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
⚜⚜⚜⚜⚜
⚜GBPAUD Short 125pipsHello Traders, 🙋♂️🙋♂️🙋♂️
Here we have a GBPAUD short trade idea. If you like this idea please show your support!
GBP
We have been anticipating GBP weakness recently as we have been very bullish and this bull run must come to a halt or a correction.
Factors
-Trendline touch in a structure level zone
-Expecting GBP Weakness & AUD strength
-Approaching WFB trendline
Entry - 1.8775
Profit Target - 1.8645 (130pips)
Stop Loss - 1.8805 (30pips)
If you want to improve your trading, check out my other ideas! 📲
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
⚜⚜⚜⚜⚜
GBPAUD potential for pullback! | 5th Jan 2022With a double top spotted on prices, we see the potential for a sell entry at 1.87571 in line with 127.2% Fibonacci extension towards our Take Profit at 1.86054 in line with 100% Fibonacci extension and daily bullish trendline. Our bearish bias is further supported by RSI depicting bearish divergence.
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 pullback! | 5th Jan 2922With a double top spotted on prices, we see the potential for a sell entry at 1.87571 in line with 127.2% Fibonacci extension towards our Take Profit at 1.86054 in line with 100% Fibonacci extension and daily bullish trendline. Our bearish bias is further supported by RSI depicting bearish divergence.
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! | 4th Jan 2022Prices are on bullish momentum and abiding to our bullish trendline. We see a potential buy entry at 1.86044 in line with 38.2% Fibonacci retracement towards our Take Profit at 1.87532 in line with 61.8% Fibonacci retracement. our bullish bias is further supported by prices trading above our Ichimoku clouds and RSI showing 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! | 28th Dec 2021Prices are on bullish momentum and abiding by our bullish trendline. We see potential for a bounce from our buy entry at 1.85215 in line with 50% Fibonacci Retracement towards our Take Profit at 1.86311 which is an are of Fibonacci confluences. Prices are trading above Ichimoku clouds and also RSI are showing 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 bearish continuation | 13th Dec 2021Price broke out of the ascending trendline support, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projections towards the take profit level in line with 100% Fibonacci projection . Our bearish bias is further supported by the price holding below the Ichimoku Cloud .
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 a bullish momentum! | 10th Dec 2021Prices are on bullish momentum. We see potential for a bounce from our buy entry at 1.84240 in line with 61.8% Fibonacci retracement towards our Take Profit at 1.85919 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension . Technical indicators are showing 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 Triangle and Exponential Moving AverageGBPAUD Currency Pair Exit Target Price = 1.88882 On the weekly chart, you will see two swing highs and a closing price at price 1.88 horizontal area. That is the level to exit long positions and keep one long position open with a trailing stop loss.
Engulfing Candlestick
Engulfing Candlestick
Pin Bar
GBPAUD - DAY TRADE VIEWMomentum seems to be in favour of buyers, As per the parallel channel it's tend to touch the upper limit zone.
My approach will be a buy here at current price 1.88000
Maintain stop loss around 1.87450
Potential upside target 1.89150
Follow the levels as mentioned above, Trade as per your risk appetite. Thanks
GBP AUD Short idea After GBPAUD fell towards the support zone of 1.85904 the price has risen by 0.84%. However, on the 4hr chart, it appears price action has formed a head and shoulders pattern, indicating that a drop in price is now likely. On the 4hr chart, there has been a lot of selling pressure that has emerged on the recent candle. This indicates to me that the price is due to drop. The target of this short trade is at the support level of 1.8595 that it has respected before. The stop loss is just above the recent high of 1.882.
GBPAUD Bullish Continuation | 2nd December 2021Price is abiding to the ascending trendline support , signifying bullish momentum. We can expect price to bounce from pivot level in line with 61.8% Fibonacci retracement towards take profit level in line with 127.2% Fibonacci projection . Our bullish bias is further supported by the Ichimoku cloud indicator where price is holding above the clouds.
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 Continuation | 2nd December 2021Price is abiding to the ascending trendline support , signifying bullish momentum. We can expect price to bounce from pivot level in line with 61.8% Fibonacci retracement towards take profit level in line with 127.2% Fibonacci projection. Our bullish bias is further supported by the Ichimoku cloud indicator where price is holding above the clouds.
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 pullback! | 30 Nov 2021Prices have reached a sell entry at 1.876 which is a graphical overlap and in line with 78.6% Fibonacci retracement towards our Take Profit at 1.86298 which is in line with 61.85 Fibonacci extension. RSI is at a level where dips previously happened.
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