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.
Gbp-aud
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.
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!
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⚜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!
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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.