Gbp-aud
GBP/AUD Bearish View by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price is on a clear downtrend moving inside a Descending Channel.
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🔸 It has broken the Support Zone at 1.9200 and now it is looking for a pullback to that level.
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🔸 It has potential to reach the Support Zone at 1.8800 if the downside move continues.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
SELL GBPAUD Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair gave a breakout from trendline and its heading towards support
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
GBPAUD potential sellGBPAUD has been selling for the past month. Because of my analysis and seeing price breakthrough the support zone at 1.93761 (with that being a possible resistance zone now), i expect price to keep decreasing and enter at 1.92583 just in case there is any pullback (i dont want to enter too early). If price reaches my entry price i expect it to keep going down until the next resistance zone at 1.89116 for around 365 pips profit.
ASCENDING CHANNEL BREAKOUT IN GBPAUDHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair broke from its ascending channel
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
GBPAUD TO SELL (AUD SPEECH AND GBP JOBLESS CLAIMS)Early this morning, there was news for the Aussie for a speech and Great Britian's jobless claims of the coronavirus pandemic. Based on the chart of GBPAUD, it looks to be in a downtrend. Therefore, we are looking to sell it after these two news events this morning.
TP: 1.96-1.955
Target yearly PPYearly PP remains an unclosed level, major missed pivot. Price will surely return to it. This is some sort of bump and run reversal. Now we are in run phase.
Breakdown confirms the move. DM projection sends price to yearly Cam S3. Look for short setups on minor timeframes.
This is no financial advise.
Top Absolute Correlation
1 GBPAUD - AUDJPY -80.8%
2 GBPAUD - AUDCHF -79.6%
3 GBPAUD - EURAUD 79.4%
4 GBPAUD - AUDSGD -76.4%
5 GBPAUD - JPN225 -75.9%
6 GBPAUD - AUDNZD -74.7%
7 GBPAUD - AUDUSD -74.5%
8 GBPAUD - EURNZD 74.1%
9 GBPAUD - NZDCHF -73.2%
10 GBPAUD - NZDJPY -73.0%
GBPAUD | Double Top + RetracementPlease support this idea with LIKE if you find it useful.
On monthly chart we have price formed the Double Top pattern + retraced of the resistance trendline of the Symmetrical Triangle. We can initiate a short position with Stop-loss inside of the Resistance zone
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
GBPAUD AnalysisGBPAUD is currently on the cusp of an uptrend and trading around our trend-line. We're looking at this area closely for future price action to confirm our bias on the pair. The 2 levels of importance are 1.95 and 1.98. As long as price is above 1.95 we will expect the pair to continue to be bullish and if price can break and retest 1.98 we will be looking for trading opportunities to go long. Alternatively, if price breaks below 1.95 we will be looking for opportunities to go short. From a COT perspective banks are still adding shorts on the AUD so the selling pressure we have seen is a result of banks reducing exposure on the Sterling, rather than AUD strength/buying, confirming my initial bias of being bullish on this pair.
GBP/AUDWe are approaching a significant trend line once again on GBPAUD running back almost 9 months. One of two scenarios are likely here: either we test the trend line and move higher again or break to the downside. Both plays are worth acknowledging as long positions that get stopped can be reversed with a break (closed candle) to go short.