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Gbp-aud

GBPAUD: An upcoming CHANNEL'S BREAKOUT!Hi 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 27th of January 2021, the price has been moving following an interesting ascending channel, once it got a strong bullish impulse on the level 1.77500, bouncing few times between its channel's lines. Yesterday, the 2nd of February, the price re-tested an important weekly resistance zone, falling down again until the S/R zone at about 1.78800. It is currently re-testing the same zone and the next price action around that level will be essential to understand the next market movement. 🔴 Conclusion : There is a possibility to see the price moving up again, but I'm confident to see an upcoming bearish movement because the weekly resistance level at about 1.80000 rejected the price many times in the past. In the daily perspective we still have a strong bullish movement but the RSI with 20 periods is currently showing us a clear divergence. I'll be waiting for the price breaking through the channel before planning my short position on this 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
Short
by FXtrades-gp
12
GBP/AUD Bullish BreakoutGood morning traders, today we bring you our short and medium term analysis in GBP/AUD, which we consider has good upside potential. 🔸As we see in the 4H chart, after the bounce in the Support Zone, there was a very clean upward movement, generating a breakout of the Descending Trendline. 🔸Now, what we expect is a corrective move, which can be towards the nearest support zone or a throwback to the broken trendline, before resuming the bullish movement. 🔸Regarding the target of the movement, the most imminent zone is the Resistance at 1.8200. 🔸If we look at the daily chart, we see that it supports the vision of the 4H chart, since the price generated a fakeout of the Descending Trendline, and then with the bullish momentum it managed to penetrate the long-term Descending Trendline.
Long
by ThinkingAntsOk
2
GBPAUD: Following the ASCENDING CHANNELHi 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 moving with a strong uptrend, following an interesting ascending channel and few bounces on its dynamic support are an extra confirmation of the validity of that pattern. It has currently reached its dynamic resistance line and the next price action will be essential to understand the next market movement. 🔴 Conclusion : I believe there is a good chance to see the price rising until the main resistance zone at about 1.79000 but as a trend follower I won't open any long position right now because the price is just around its dynamic resistance line. I'll be waiting for the price reaching its dynamic support and I'll open my next long position once I'll get a proper rejection on that area. 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
Long
by FXtrades-gp
10
GBPAUD on a channel break? 🦐GBPAUD on the 4h chart after the bounce on the weekly chart, retraced until the 0.786 Fibonacci level. The price will test soon the lower trendline of the ascending channel and according to Plancton's strategy, if the price 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.
Short
by InkyGrip
13