GBPAUD is on a bearish momentum! | 22 Nov 2021Prices are on a bearish momentum and have recently broken out of our descending trendline. We see potential for dips from our sell entry at 1.85927 in line with 100% and 161.8% Fibonacci extension and graphical swing highs towards our Take profit at 1.84659 in line with 61.8% and 127.2% Fibonacci extension and 38.2% Fibonacci retracement. Alternatively, our stop loss will be placed at 1.86436 in line with 127.2% and 200% Fibonacci extension. 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.
Gbp-aud
⚜GBPAUD 630pip Short?Hello Traders, 🙋♂️🙋♂️🙋♂️
Here we have a GBPAUD short trade idea. If you like this idea please show your support! 😁
We have 4 confluences based on our decision for entry on this trade.
Confluences
3rd trendline touch from August & September
Structure Level
Break of 'Watch For Break' Line
Double top formation
Since we can see a break in the WFB line we are expecting the bullish impulse to correct at least 150 pips.
Our first take profit is at 150 pips, this is because we can see the Weekly EMA approach this structure zone which has been respected two times previously.
Our final goal is 600 pips, this is rather excessive but definitely achievable. Once the trade hits 30 pips profit I move my Stop Loss to break even to prevent any loss occurring if the trade goes in the opposite direction. ⬅ This is important for good risk management
Our Stop loss is 30 pips which gives us a total RISK:REWARD of 1:21 !!! This is an absolutely insane return for the risk.
Fundamental Factors :
Australia Protests over COVID-19 measures
If you want to improve your trading, do not hesitate to send me a message! 📲
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 more up side to come?>>>>>>>>>>>>>>>>
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GBP/AUD Long Idea + targetsHello Traders
GBP/AUD looks promising!
Why?
Reasons:
1-Downward Price trendline has been broken.
2-Downward RSI trendline has been broken.
3-Double Bottom pattern.
4-Morning Star pattern in Weekly TF
5-Price jumped off from Support zone and Consolidating zone.
6-Good Fundamental news for GBP
So its highly possible for price to meets higher levels.
Thanks for Reading
Team Fortuna
-RC
GBPAUD Potential for bounce! | 15 Nov 2021Price is approaching our pivot at 1.82691 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. We see the potential for a short-term bounce towards our Take Profit at 1.84258 in line with 38.2% Fibonacci retracement. Technical indicators are showing potential for upside.
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 long is live 📈Using POW reversal strategy for this trade an GBPAUD long.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart.
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
GBPAUD possible short-term bounce from Harmonic reversal zoneThe reaction from the Fibonacci Moving Average should be limited to 1.8260/1.8240 harmonic potential reversal zone from the 5-0 pattern shown in the chart where a bounce should occur in tandem with the Swing indicator's proximity to its ascending support level. The bounce should be towards the area of the Fibonacci Moving Average close to 1.8340.
GBP/AUD Long ideaHi traders.
For today I analysed this pair. Generally Australia had poor reports, while UK is recovering.
Target that we are watching is 1.8450.
Daily RSI is on 39 lvl, so I giving it space to fall to 1.8150 lvl and most likely to bounce from that lvl to upside.
Feel free to comment your opinion!
EURGBP facing potential trend reversal, rise incoming!Price had been consolidating in a descending price channel and reacting to the Daily descending trendline support. Price could be potentially bullish from 1st support at 1.83246 in line with Horizontal swing low and 61.8% Fibonacci extension to 1st resistance at 1.84728 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Our bullish bias is further supported by how price is reacting to the Daily ascending trendline support and RSI is also abiding to the ascending trendline support and possibly a bullish divergence. Otherwise price may bearish towards 2nd support at 1.82555 in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPAUD approaching pivot, potential for bounce | 20th OctPrice is trading in a descending channel and is heading to our buy entry price of 1.83588 which is also -27.2% Fibonacci retracement . Price can then do a short term bounce from this level and reach the take profit level of 1.85105 which is 38.2% Fibonacci retracement level and 61.8% projection level. Our bullish bias is supported by stochastic which shows that it is on support level .
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 approaching pivot, potential for bounce | 20th Oct Price is trading in a descending channel and is heading to our buy entry price of 1.83588 which is also -27.2% Fibonacci retracement. Price can then do a short term bounce from this level and reach the take profit level of 1.85105 which is 38.2% Fibonacci retracement level and 61.8% projection level. Our bullish bias is supported by stochastic which shows that it is on support level.
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.
GBPUSD on a break of the weekly support 🦐GBPAUD on the 4h chart after the last bearish impulse tested the 0.5 Fibonacci retracement level and is now breaking below the weekly support.
According to Plancton's strategy if the conditions will be satisfied we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBP/AUD Signal - AUD Unemployment Rate - 14 Oct 2021GBPAUD is trending to the downside after the AUD Unemployment rate data, which was 4.6%, against the 4.8% consensus (positive surprise). Technically the pair is bouncing out of 50% fibo resistance and below the trendline. We anticipate continued downside into the 127% level.
GBPAUDBullish Indicators:
1) Support zone at 1.84164
Bearish Indicators:
1) LH LL
2) Resistance zone at 1.85595
3) Downward trend
Plan A: One can take ling position on the bounce from the support zone at 1.84164.
Plan B: One can take short position if pair fail to break the resistance zone or upward descending trendline.