Gbp-aud
Gbpaudgbpaud is trying to create a higher high in HTF (higher time frame) but it showing difficulties because price reject and create a doubble top that means that trade can turn in bearish .
For confluece we have 4 fresh demand zones that are waiting for price to come back.
We can see a tripple top too cuz in this pair GA happen a lot this pattern.
A sell limit order @1.81000 is a good idea if we see rejection at this strong resistance and psychological round number.
GBPAUD will break above the 1.80 🦐GBPAUD has recently broken the main descending channel and now testing the resistance at the 1.80 level.
The price before breaking the channel retraced inside a bull flag until the 0.382 level and now testing the resistance.
According to Plancton's strategy, if the market will break above we can set a nice long 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.
Leave a comment that is helpful or encouraging. Let's master the markets together
Possible GBPAUD Monthly Bull move (1500+ pips)3 Higher lows connected via trendline and 2 significant lower highs connected via trendline as well.
A counter trend line has been broken which may lead to GA rallying up for a good while...
Should the trendline be broken to the downside then we can look forward to very decent short positions.
GBPAUD on a range break 🦐GBPAUD on the 4h chart is moving inside a range between 2 daily structures. IF the price will manage to break and close above we will set a nice long order according to Plancton's strategy.
–––––
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.
GBPAUD SETTING UPHi guys, and happy Thursday to you all. Markets are a little slow today and we are not currently in any trades at the moment. The only pair that is setting up rather nicely out of our watchlist for this week is the GBPAUD pair. We had a breakthrough last night and we are currently waiting for a retest which will give us confirmation of price continuing in a bearish momentum which could potentially form a downtrend and eventually hit our take profit level.
But as ever we are not forcing any trades and we are definitely not going to rush into anything. We have made serious capital gain within the last few trades and we're not willing to throw all the hard work away by forcing something that isn't quite there yet.
We will keep you updated a little later on whether this trade came into our favour or not.
As always, staying humble and staying focused for now.
Good luck traders, have a great day.
GBP/AUD: Shorting at the market for 50 pips Hey guys,
The pair broke its corrective pattern 2 hours ago to the downside. The previous demand zone has shifted to a supply zone implying that selling is ongoing.
I am selling at the market and will target the 127.2% fib level which is the next demand zone.
The RR for this trade is above 2.5.
Trade at your own risk.
Cheers,
Long Term Bullish View on GBP/AUDGood morning traders! Today we bring you a long-term analysis of the GBP/AUD pair, along with a short-term vision to show you where we recommend taking a bullish position in case you are looking for a trade in that direction.
🔸The price has been in a bullish channel for four years, and a few weeks ago we saw a retest of it.
🔸From there, the price generated a slight rebound, but we consider that it has the potential to initiate a strong movement in the upward direction.
🔸The long-term target is the Resistance zone at 2.0500, but in any case we leave the short-term vision.
🔸In the 4H chart we see that the price broke the Descending Trendline, and is forming a corrective structure. In the event of a breakout to the upside, we may witness a move towards the Resistance zone.
GBPAUD on a bullish move 🦐GBPAUD is consolidating below a descending trendline.
The price after the attempt to break below gains strength and starts to move to the upside.
According to Plancton's strategy, if the market will break above, we can set a nice long order.
–––––
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.
GBPAUD 4.5 R:R swing tradeConfluences:
-Daily M pattern
-Price broke out of consolidation range and it's retesting it
-Price is also at a major zone (now resistance) and has been under it for multiple 4h candlesticks indicating lack of bullish momentum
-It's a beautiful 4.5 risk-reward
Tell me what you guys think!
Break in GBPAUDBefore looking for an entry here, first look at the weekly trend!
Then open the daily chart and see what the movements is!
Now you can look at the break of H4, which allows the price to continue to:
1,7608 th most common
and
1.7460
Correction to H1 levels is possible before the movement continues.
This scenario breaks when the previous peak breaks!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
GBPAUD on a double top 🦐GBPAUD after the bounce on the weekly support at 1.74500 started an impulse.
The price reached the 1.80200 level at the top of the descending channel and couldn't break above.
According to Plancton's strategy if the market will break below we can set a nice short order.
–––––
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.