Gbp-aud
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
GBPAUD Price is sitting on the 618 retracement! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
GBP/AUD New Bullish Impulse? by ThinkingAntsOk🔸 WEEKLY CHART EXPLANATION:
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🔸 Price is facing the Ascending Trendline.
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🔸 It showed some rejection signals at the current zone.
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🔸 We observe that the last downside impulse was very pronounced, however, price is on an uptrend. Higher highs and higher lows can be spotted. In case the Trendline can not hold, then the Support Zone would be the first Target of the downside move.
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🔸 Will look for lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
GBPAUD ShortWeekly trend line has still not been touched on GBPAUD, MACD and RSI showing support for further downward movement. However Stoch is undersold which could be a small move upwards before downtrend continues.
Waiting for the failed breakout of the 1.83200 zone before entering a short trade.
GBPAUD: Price Action & Trading Plan For Today
morning guys!
after a sharp, long lasted fall, GBPAUD has finally found strong support.
the price not only managed to stop rallying but, moreover, it has easily violated the last lower high level,
setting a new higher high and establishing a local bullish trend on 1H.
now the price is consolidating in a local horizontal range.
if you want to catch a bullish continuation, the best option is to wait for a bullish breakout of 1.833 level (1H candle close above).
then you can buy on a pullback or aggressively, aiming at 1.8445 (based on 4h/1h structure)
if the market violates the range to the downside, setup will be invalid.