Gbp-aud
GBP/AUD: Buying the breakout!According to the form of the curve, it seems prices have shifted temporarily from bearish to bullish.
I am looking to take advantage of today's GBP strength and buy the pair as soon as the channel is broken to the upside.
I will first target the 50% retracement, then wait for a re-test of the structure. If i see a rebound, I will target the 61.8% fib retracement (T2).
Trade at your own risk
GBPAUD Buy SignalPattern: Channel Down on 1D.
Signal: Bullish as the price is not only testing the 4-year Higher Low trend-line but the 1D MACD is also rebounding on a 2016 Symmetrical Support Zone.
Target: The 1D MA200.
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Don't miss the great buy opportunity in GBPAUDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7945). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1.8090
TP2= @ 1.8175
TP3= @ 1.8340
TP4= @ 1.8450
TP5= @ 1.8660
SL= Break below S2
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Don't miss the great buy opportunity in GBPAUDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7945). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1.8090
TP2= @ 1.8175
TP3= @ 1.8340
TP4= @ 1.8450
TP5= @ 1.8660
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPAUD Long - FlashcardGBPAUD Long
Direction: - Just started a Bullish Cycle a day prior, so I was only looking to go long.
- Both higher time-frame, H1 & H4 MBL started to point upwards, indicating trend was Bullish.
- Other GBP's, which are correlated, were also in a Bullish Cycle.
- Divergence on the H1 from the reversal, indicating a change from a Bearish to Bullish Trend.
Entry: - Low held for multiple hours, with candles pinning the low and not closing below. The price action indicated the day's low was not going to be broken.
- I entered the trade once the candle went above the 13 EMA, as this showed a confirmation for a rise.
- MBL (Market Base Line) was leaning upwards on the M15.
Exit: - 26 pip SL @ 7 pips below day's low.
- 38 pip TP 1 @ just below YH.
- 57 pip TP 2 @ RSI cross over on the Signal Line.
GBPAUD - Medium Term Driven by 1.80 No bias currently... below 1.80 price level would be bearish and id look London session for a sell entry but above 1.80 I could flip bullish if we get some weakness in equities and aud..
all eyes on 1.80 MQP
current market price: 1.7950 (7:30 PM Tuesday Asian Session)
GBPAUD TO BUY (NZD ANZ Business Confidence News)We are looking at a strong potential on a buy for GBPAUD, as it has enough support to buy. NZD news for ANZ Business Confidence was last night, that push price below to create support. Therefore, we are looking for GBPAUD to buy. Also, check the RSI indicator that it is at support level too.
TP: 1.795-1798