Gbp-aud
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.
GBPAUD Price has almost bounced back up into our bearish zone! 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!
GBPAUD - SWING - 09. JUNE. 2020Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Bullish price action above previous highs.
4 HOUR
Overall bearish market with a possible turn.
DAILY
Good long entries, prices came back to our main sr level.
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FOREX SWING
BUY GBPAUD
ENTRY LEVEL @ 1.82550
SL @ 1.80830
TP @ 1.84960
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN