GBPAUD Scalping Trade In Channel Pattern.GBPAUD is consistently trading in rising channel pattern since it has formed its last bottom. Also it is trading in only the upper part of the channel pattern and hence we might see a breakout of channel pattern if it continues with the same.
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Gbp-aud
Upwards Regression Trend for GBPAUD [In-Depth]Regression Trends can be used in a way similar to parallel channels. The main difference is that there are upper and lower bands which are set a user defined number of standard deviations away from a base line. This is a good tool to use to determine when a price is unusually far away from its baseline.
Every time the price has increased in volatility, the price has gone up to the higher part of the regression trend very quickly, and slowly came down again. This behaviour is amplified in the current period where we have extreme volatility. The price has also gone up a lot, and will probably cool down now to the bottom part of the channel.
The second part is that we see that after the drops the price has always trended up significantly, and prepared for the next sudden spike in volatility. We can monetize this situation by waiting for the price to drop again, and enter a long trade.
There is suddenly a lot of noise at the current time as well. The price is clearly extremely volatile. If we look at the Average True Range (an indicator for volatility) we see it has spike up enormously. That's why I expect history to repeat it self, and we continue this channel in the way described on the chart.
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GBPAUD - SWING - 31. MAR. 2020Welcome to our weekly trade setup ( GBPAUD )!
-
1 HOUR
Strongly waving market broke back into bearish shortterm trend.
4 HOUR
Sellers / Buyers indecision, great market to short at highs and buy at lows.
DAILY
Watch out for wicks taking out several holders, good short entries !
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FOREX SWING
SELL GBPAUD
ENTRY LEVEL @ 2.00640
SL @ 2.03100
TP @ 1.96120
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
GBP/AUD 4H LONGGBP/AUD May rise 100+pips
Insight: Price moving in an ascending channel just below resistance at 2.0355 Price is likely to continue upwards and hit resistance before reversing to support at 2.0163
Intraday - 4H
Trade: Buy
Entry
Buy or Above 2.0259
Target TP: 2.0355 & 2.0646
Pivot and Support 2.0163
Alternative scenario:
Trade: Sell
Buy or Above: 2.0163
Target TP: 2.0044 & 1.9948
Don't miss the great sell opportunity in GBPAUDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (2.0204). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 1.9967
TP2= @ 1.9745
TP3= @ 1.9528
SL: Break Above R2
Don't miss the great sell opportunity in GBPAUDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (2.0204). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 1.9967
TP2= @ 1.9745
TP3= @ 1.9528
SL: Break Above R2
GBPAUD Trading In Channel PatternGBPAUD Is Trading in channel pattern since very long time we can see further continuation of GBPAUD trade in channel one can trade the pair with channel support and resistance as stoploss for long and short side . one can trade for longer term when the price breakout of channel pattern only.
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GBPAUD Just Confirmed A Support Zone [QUICK UPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
The price just hit this support zone, and got a beautiful confirmation of the area. It looks like the support zone is maintained, and the price will no continue with a bullish momentum. The nearest resistance is just above the current price, and makes for a nice scalp.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Disclaimer!
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GbpAud Short ViewsHappy Morning Traders!
You saw the long position yesterday, due to the movement last night i believe we will be seeing some bullish action on the australian dollar today meaning some quite possible short movement. Shout out some of the leaders on here I saw looking at this same setup, great minds think alike... :)
Happy Trading Family, Please Remember you Trade at Your Own Risk!
GBPAUD - FOREX - 23. MAR. 2020Welcome to our weekly trade setup ( GBPAUD )!
-
1 HOUR
Bearish break towards our support zone and price change area.
4 HOUR
Slow market running sideways looking for a bullish push
DAILY
Overall bullish market in a pullback, great short entries and price action.
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FOREX SETUP
BUY GBPAUD
ENTRY LEVEL @ 1.99210
SL @ 1.94600
TP @ 2.08500
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPAUD Close to RESISTANCE level.Hello friends. Here is our analysis on GBPAUD. For a lot of time the pair seems to be going on inside the channel. As we can see that after march its started getting consolidating very aggressively. There looks like a lot of buying pressure. In the image given in the comment section you can also see that there is a buying trend in D1 as well. So there is a good chance that the pair will soon break the resistance line and start going up.
Your views are welcome. Thank you.
Ryan.R.Lopes
GBPAUD For Short Side TradeGBPAUD Form a Symmetricle triangle top we might see some correction in GBPAUD towards mid of channel if that breaks we may see further downside toward meeting point of rising wedge resistance and channel line Support. as long term trend is on upside this trade is for shorter time frame.
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GBPAUD LONG TRADEGBPAUD broke 50% Fibonacci of preceding bearish wave at level 2.0198 with strong bullish movement
Pair is in uptrend
Above SMA 100 on H1 frame
MACD shows start of bullish momentum
RSI is above level 50
Pair is above HVN at level 1.9867
It's expected going up towards supply zone at level 2.0755