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.
Gbp-aud
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!
-
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
GBPAUD - Short Term Sells, Long Term BuysI have a buy bias on this pair looking at higher timeframes and continued £ strength. On the daily timeframe, we're forming an ascending wedge of higher highs, and higher lows. We're looking to capitalise on this bull run by seeing a pullback into our confirmation zone which includes rejection of the 78.6% fib, the Point of Control (POC), and the ascending trend line. Happy Trading!
GBPAUD short ideaGoing with the idea that GBP may be priced in and that AUDUSD is showing some strength, I'd expect GBPAUD to weaken. Slowly, people around the world are getting vaccinated and getting things back to to normal. AUD should be ramping up exports to China further strengthening while US is deflationary.
GBPAUD - Breakout - Get in on RETESTFollowing the previous GBPAUD analysis, we have seen a breakout. The double bottom indicated that there may be a trend reversal which we have now seen.
Wait for price to correct back to the area marked and gain an entry on the retest.
If you like the charts, give it a thumbs up! Trade Safe.
GBPAUD - Breakout - Get in on RETESTFollowing the previous GBPAUD analysis, we have seen a breakout. The double bottom indicated that there may be a trend reversal which we have now seen.
Wait for price to correct back to the area marked and gain an entry on the retest.
If you like the charts, give it a thumbs up! Trade Safe.
GBPAUD LongAnother trade against the Ausie. It's nothing personable.
GBP has been strong recently, and AUD weak. Break-out of descending wedge. SL is under the candle that broke the wedge, and TP is at the top of the pattern where there is some resistance.
GBP had a long bullish run to break the pattern. I'm very comfortable with the fact that there is a retracement. Hopefully my 1% stop is tucked nicely away to let this trade play out and let price breath.