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Gbp-aud

Channel falloutStrong weakness. Price falls out of channel with retest and breaks down the yearly floor (Camarilla L4) also with retest. Considering the GBPAUD volatility we should see a significant drop through unchartered waters, most likely to yearly L5 (I didnt plot that). This is no financial advise. Top positive correlation 1 day 1 GBPAUD - GBPMXN 89.1% 2 GBPAUD - GBPCAD 84.6% 3 GBPAUD - GBPNZD 80.2% 4 GBPAUD - EURMXN 76.8% 5 GBPAUD - GBPCHF 73.9% 6 GBPAUD - GBPSGD 73.7% 7 GBPAUD - XBRUSD 73.7% 8 GBPAUD - XTIUSD 67.4%
Short
by ICFX
GBPAUD can look for a retracement? GBPAUD on the 4h chart found support on a very strong weekly support. Market bounce over it and start a range move between the support and 1.76600. IF the price will break and close above the resistance area we can look for a long position till the 0.382 or 0.5 fib level of the previous leg. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
Long
by InkyGrip
23
GBPAUD Approaching Support; Be aware of Bull TurnHello traders, GBPAUD continued lower from latest 1.84 high, and is now trading close to potential support at 1.806 level, provided form a former swing high. Also fib. ratios of 50.0 and 61.8 (1.806/1.80 level) can react as support, and push price into a higher degree wave c. That said, once sub-wave c) or y) of b fully develop, and we see a rally in impulsive fashion, that is when correction as b may be completed, and wave c underway. Trade well, the EW-forecast team
by ew-forecast
GBPAUD In DowntrendGBPAUD is in a firm decline, a five-wave impulse down from March high. At the moment we see price resuming the downtrend, after recent minor corrective rally in wave 4, which ended at the 1.841 level. That said, wave 5 of an impulse can be underway, so be aware of new lows, as final leg lower can be targeting 1.73/1.72 area. If wave 4 correction is still not completed, then be aware of a rise towards the Fib. ratio of 23.6 and 38.2 (1.84/1.87 level). Trade well, the EW-forecast team
by ew-forecast
Consolidating Getting Ready For A Bull Run?This pair looks like it's setting up for a bull rally further up this week. We were in a lengthy consolidation period. This may be the week after seeing this juke move that we do the climb up. Gonna play this out and see how it want to make the most of this false breakout. BULL TPS: • 1.82712 • 1.83971 • 1.85170 BEAR TPS: • 1.81321 • 1.80812 • 1.79466 Trades that are still active until all bull/bears TPS hit… EURCAD XAUUSD GBPJPY
by NikaJourney
GBPAUD: Consolidation and Complete Indecision GBPAUD is stuck between two key daily levels. the price is consolidating within a wide horizontal trading range. 1.814 is the support of the range. in case of a daily candle close below that, the price will most likely drop. target level will be 1.796 1.839 is the resistance of the range. in case of a daily bullish violation of that, the price may continue the July's bullish rally. target level will be 1.853 also note that for intraday trading, you can short the market from the resistance of the range and buy from its support. currently the boundaries of the range serve as supply and demand areas. good luck
by VasilyTrader
5