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
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.
GBPAUD a bounce at the 0.382 🦐GBPAUD after the last impulse retraced and consolidate over the 0.382 Fibonacci level.
The market is now testing the resistance structure at 1.79400 and according to Plancton's strategy if the price will break above we can set a 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.
What to Expect on GBP/AUD for a Bullish TradeGood morning traders, today we bring you our analysis in GBP/AUD, since we consider that it has upward potential in the short term if certain conditions are met.
🔸First, we see that the price tried to penetrate the long-term Ascending Trendline to the downside, but was unable to consolidate below. In fact, both attempts failed and it was placed inside it again.
🔸After that, it broke the Descending Trendline.
🔸Since then, all we've witnessed is a consolidation of the price.
🔸What we are waiting for is a bullish breakout from the current correction.
🔸If that happens, we expect a bullish move towards the next resistance zone at 1.8400-1.8500.
GBP AUD Channel SetupWe have identified a rising parallel channel that has multiple tests. Along with an inner channel/trend line.
Look to take a long up to the inner channel line (blue on chart), we then would expect it either to respect the trend line and move lower or break upwards to pervious highs/upper channel line.
GBPAUD SIGNAL - WEDGE PATTERNCan see the support level is quite strong for a while, it has been tapping few times so the support level can become more weaken? There is 2 ways either the price will break the resistance level or the support level, Wait for the price action to make entry.
Trade at your own risk.
GBPAUD: An upcoming BEARISH movement on this PULLBACKHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/AUD
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been following an interesting trendline, bouncing many times on it.
This clear uptrend ended at the beginning of February, when the price reached and got a strong rejection on the main weekly resistance zone at about 1.80000.
It tried and failed many attempts to break that level and yesterday, 11th of February, the price broke down its main trendline, bouncing on a daily support level at about 1.78000 and it is currently re-testing the trendline.
Since the 5th of February, I can see the price creating a possible descending triangle pattern, making a lower high on every rejection on the support level at 1.78000.
🔴 Conclusion :
Since the price has broken its trendline, I started looking for a short position and I think there is a nice possibility to see an interesting upcoming bearish movement.
I'll be waiting for a clear entry point to get a short position on this trade until the level 1.78000, and eventually the price will clearly break through that level I'll plan my second short trade!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
GBPAUD - SWING - 10. FEBR. 2021Welcome to our weekly trade setup ( GBPAUD )!
-
1 HOUR
Bullish price action and closure above main sr level.
4 HOUR
Overall strong market structure in a bull market.
DAILY
Bullish market scenario after a short pullback, good long entries!
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FOREX SWING
BUY GBPAUD
ENTRY LEVEL @ 1.78800
SL @ 1.78030
TP @ 1.79970
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN