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Gbpaudanalysis

GBPAUD Short Idea. Will this major doubletop brings GBPAUD down?GBPAUD has its uptrend going on for sometime now and it's currently at the retest zone of a major double top in the weekly/monthly timeframe. Since the monthly and weekly shows bearish structure, I believe the GBPAUD will begin to shift from short term uptrend to downtrend after the retest on the double top neckline. Daily timeframe shows a bearish engulfing candle as confirmation, rejecting the neckline zone. Will look for Short opportunities when price pullback depending on which direction into the green zone / orange zone and continue heading lower to 1.77500 range (weekly support). First time sharing my idea here. Usually I don't really share ideas on TradingView. Do let me know what's your idea/feedback if you have. Thanks for reading my idea.
Short
by ckck15
2
GBPAUD – Strongly bullish but …… for the week of 5 Dec 2022This pair has been bullish for the past 2 months, but for the 3rd time in recent days price has reached 1.8120. The previous 2 times, that area has held firmly as resistance, but this may change. IMO the bulls will succeed this time around although stalling of price in this region for some time cannot be ruled out. I would be patient, wait until price breaks above and then retests the area and then shows some bullish momentum before committing to a trade. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
3
20 Reason for sell GBPAUD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Yaely time Frame this is a current bearish solid trend even from 2002 to 2020. the massive volume also included in the selling side, according to the big picture, no chance for a reversal already best-ranging market 2 📆Monthly: another established bear trend proper higher lows current market is in a correction phase 3 📅Weekly: correction phase, prices make a halt and trigger event, now prices are ready to go down for fill weekly FVG 4 🕛Daily: after making two higher lows and prices corrected themselves, filling taping the previous OB and taping can go down 90% chance 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: double rejections with proper momentum candles before it a key reversal 7: 3 Volume: high volume at the top 8: 4 Momentum UNCONVENTIONAL Rsi: resisstence at 60 level 9: 5 Volatility measure Bollinger bands: full squeeze with a head-fake type formation 10: 6 Strength ADX: bear are just begun gaining strength 11: 7 Sentiment ROC: GBP is weaker than AUD ✔️ Entry Time Frame: H4 12: Entry TF Structure: clean bear 13: entry move: wait till correction 14: Support resistance base: previous ob and fvg 15: FIB: Nill ☑️ final comments: sell at correction 16: 💡decision: sell 17: 🚀Entry: 1.8077 18: ✋Stop losel:1.8280 19: 🎯Take profit: 1.6353 20: 😊Risk to reward Ratio:1:13 🕛 Excepted Duration : 60 days
Short
by Optimum369
4