GBP/AUD Buying opportunity!Possible buying opportunity for GBP/AUD soon! Recently we have seen and impulse followed by corrective movement within the GBP index and therefore i am bullish on the pound for the time being. This is also evident within GBP/AUD as we can see impulses followed by corrections showing us clear trending movement and the intended direction of price. Taking that we're in an uptrend into account we need to look for another buying opportunity. Price is currently showing nice descending corrective movement which could create a higher low in the market. The level i will be watching for price to come into will be the structure and 61.8% Fib retracement level marked on the chart. if we see price stall at this level, followed by a nice momentum bullish candle on the 2hr time-frame then i will be looking to enter. My take profit will be the daily key level in the region of 1.89500.
Feel free to leave any comments!
GBP-BUY
GB/JPY Long Entry GBP/JPY also just witnessed a -1.17% correction towards the levels of 153.00, undoing all of the gains it has made in the last 10 days. As this was just a big move in price if GBP/JPY was able to find support and stabilize there is a high chance that the price will rebound and climb several hundred points before making its decision on whether to go to the upside or the downside. GBP/JPY has just created some support around this level indicating that this could be the beginning of the bounce. The RSI indicators on the 30m and 1hr are very oversold which complies with this analysis. The stop loss area for this trade is below the key support level of 152.6.
EURGBP TO BUY, FIB 100%, TP: .8585EURGBP has been on a wild ride of price action through a downtrend in the past couple days. However, it appears to have done a breakout as a buy position. Therefore with the downtrend retracement that hit support levels, we could be seeing EURGBP going for a buy.
TP: 0.8585+
GBPCAD: BUYIf we start on the Monthly time frame for GBPCAD, we can see that price is still at all-time lows. And what we know about this confluence is that it we can expect more bullish integrity.
Off of the Weekly time frame, we drew a line where resistance has now become support again at 1.76083. That being said, if this support line holds, we can expect a nice entry zone for Bulls to enter between 1.76171 and 1.76616 . Set your Take Profit level to about 1.78098 .
GBP/JPY Signal - GBP Markit Construction PMI - 7 Jan 2021GBPJPY is trending to the upside this week prior to the GBP Markit Construction PMI, and we anticipate continued upside into this event. The data shows business conditions in the UK construction sector. Technically the pair is at the 50 moving average and above the 139.94 support level and we anticipate upside into the 141.210 level.
GBP/AUD: Just bought @ the market Hey guys,
GBP/AUD is in currently in a strong buying volume cluster.
We have volume accumulation at these levels and a bullish divegence as well.
I am buying the pair at the market and am targeting the 1.90700 level (1st target) .
Stop-Loss has been placed on the chart but will be monitored manually as the markets are volatile.
*** Trade with care and at your own risk ***
GBPJPY, the BUY looks beautiful coming into this weekApologies for not being active during the start of the trading week, I was still enjoying the weekend. Currently, GBPJPY moved exactly as we expected, daily closure for last week was above the trendline/key area. As soon as the trading week opened a huge gap occurred and needed to push back into the market structure so we missed out on at least 50-100 pips. Now with a move that big for a Monday, we will expect the price to push a little lower to stay within the daily 50-100 pip per day for GBPJPY. We'll enter a BUY LIMIT with potential updates if we'll enter manually.
GBPJPY BUY LIMIT
start: 129.272
stop loss: 128.572
take profit: 133.572
GBP NZD Potential Long position on GBP NZD. Awaiting third touch of TL before entry.
Entry price also key pivot area for this pair.
My stop loss will be sat 30 pips below my entry
TP1- +30 PIPS
TP2- +50 PIPS
TP3 sat around the 100 pip area but be aware that there is fairly high potential for this being a 150 pip move