Gbp-aud
GBPAUDGBPAUD trade forecast video.
I am all about quality over quantity. Because of this, I spend a lot of time waiting for a trade that will never come or watching an opportunity pass me by. It is a common misconception within the forex industry that a trade should be executed every time you are on the chart, this is not true.
Time should be spent breaking down a pair, looking for direction bias, key levels and market structure, alongside other technical and fundamental analysis. Once this has been done, there is then the task of identifying the optimal location to enter the market to minimise risk and increase the probability of success. As well as trying to be as profitable as possible as that is the goal after all.
I find a trading plan with set rules for an entry is the best way to ensure discipline when trading. This is certainly the key to my success!
GBPAUD Likely to Break Out of Lower Bound Range
Refer to chart for key reference levels.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
GBPAUD: Bearish Continuation
GBPAUD is trading in a local bearish trend.
Yesterday the price has violated a strong 4H structure and this morning we see a retest.
On hourly the price has formed a double top on that and just closed below its neckline.
Now I expect a drop.
1st goal - 1.78935
the price can go even lower,
so keep the portion of your position for potential continuation
💡Don't miss the great sell opportunity in GBPAUD Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.8012).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Take Profits:
TP1= @ 1.7862
TP2= @ 1.7787
TP3= @ 1.7694
TP4= @ 1.7500
TP5= @ 1.7292
SL: Break Above R2
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GBPAUD - SWING - 01. DECE. 2020Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Strong bullish pressure.
4 HOUR
Small pullback after crossing main sr level.
DAILY
Expecting prices to move up shortly!
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FOREX SWING
BUY GBPAUD
ENTRY LEVEL @ 1.81110
SL @ 1.80020
TP @ 1.82790
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 - LongThere is an oppotunity for bullish momentum for GBPAUD.
Price is at a support zone (1.80271), where price has held at this zone on 3 previous occasions.
I believe that we could see history repeat itself self and should the support zone hold, we could see bullish movement up towards the 1.8300 regions.
Before entering a long trade, I will seek strong bullish rejection at this level (4H closed bullish candles)
GBP has been rather volatile recently, as well as AUD strength. Therefore, this trade should be taken knowing that fundamentals could come into play and cause unexpected movements.
GBPAUD ANALYSISGBPAUD rejected from downtrendline with strong bearish movement
Pair is based below key level at 1.8245
Price is based below HVN at level 1.8153 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
RSI broke uptrend
We r waiting price to exceed next support level (1) at 1.8120 to open short trade
It's expected to target support level (2) at 1.7990
GBPAUD testing the channel 🦐GBPAUD on the 4h chart is testing the lower trendline of the channel.
The market after moving until the 0.618 Fibonacci retracement of the previous bearish leg couldn't create new highs and move back to the daily support area at 1.81200.
IF the price will break below the structure and consequently break the channel we will set a nice short 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 could see bullish pressure from key support! GBPAUD could see bullish pressure from key support! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
GBPAUD testing a daily resistance 🦐GBPAUD on the daily chart is moving below a daily resistance.
The market after consolidating is now looking for a new impulse
IF the price will break and close above the daily structure, 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.