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Gbp-aud

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.
Short
by InkyGrip
9
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.
Long
by InkyGrip
8
GBPAUDGBPAUD has been pushing down from the high of 1.82660 and has now approached a strong 4h support of 1.8000 of 1.79800. From this level, we are beginning to see the slow down in momentum and some nice structure beginning to form in the 15min chart. Because of this, I am looking for one of two things. either for the pair to break the minor resistance and retest as support or reject from this level and push down further. Take profit areas are set at the most relevant swing high or swing low and Stop losses will be set when entering a trade.
by AidanFucile
1
GBPAUD testing a 4h resistance 🦐GBPAUD on the daily chart is moving inside an ascending channel. The market after touching the lower trendline attempt to break below and got rejected started a new impulse. Price retraced back until the 0.618 inside a descending channel and now look for the break of it. IF the price will break and close above the minor resistance area, 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.
Long
by InkyGrip
12
Upside potential on GBPAUD provided price holds above 1.814Over on the daily, we see price leaning towards the upside. 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.
Long
by FinancialGamblR