Gbp-aud
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
GBP/AUD Long Around 1000+ PIPSWe have hit the GBP/AUD 1.8800 Supply zone and will see rejection down to the 1.8500 Demand zone. When looking at the daily time frame we can see that the resistance line has been broken as well as a engulfing bullish candle closing above the 50MA and 200MA. I would wait for a retracement to the 200MA (Around the 1.8500 demand zone) on the daily and then enter a long position with the TP at the next supply zone of 1.9800. This is a long term trade and I expect to hold this for up to two weeks! This is around a 1:2 trade ratio. The SL is bellow the major trendline as well as bellow the two MA's! giving 3 levels of solid resistance!
Happy trading!
David:)
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.
⚜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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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!