GBPAUDOur setup on GA from last week is still very much valid coming into this week, price still finding it hard to break through the inner resistance around 1.75045 with price forming a double top on 4HR timeframe and a third touch rejection on daily TF. I expect pice to respect this formation giving that it gave us a bearish engulfing on daily TF last Friday. Price might give us a third touch on my trendline around 1.73215 or form a "W" pattern bounce off at 1.72596 before the big move upward.
Trading recommendation: Watch for potential sell opportunity around 1.74371
TP: 1.73215
As always, we react to what we see in the market and always take fundamentals into consideration before entering the market!
Gbpaudanalysis
DeGRAM | GBPAUD double top & divergenceGBPAUD tested the psychological level at 1.7500 and created a double top with divergence.
The market is printing lower highs and higher low price is coiling up before expansion.
The trend is bearish , which is why we could see a massive bearish move from the confluence zone.
We expect a trend-continuation trade.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPAUD Trading Plan - 8/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect GBPAUD to go Up after testing OB + Gap.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBP/AUD Running In 80 Pips 0 Drawdown , Very Important Update This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/AUD Giving A Bearish P.A , Short Setup To Aggressive TradersThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPAUDIf you followed my analysis on GA last week, we took a short buy which got to our TP but as i said the overall trend on GBPAUD was a sell. The sell did happen at resistance level of 1.76229 around the 50% fib level but price got rejected again on the support level at 1.72596 and also bounced off my trendline (Third touch) which further confirms the change in price direction for a buy. I expect a push back up to 1.76229/1.77262 for a proper rejection before the main SELL happens!
Mind you, we also have to take into consideration of the upcoming fundamental news this week on AUD cash rate followed by RBA statement on Tuesday and GBP monetary policy and GDP coming up on Thursday and Friday respectively.
Trade recommendations: Look for a buy option around 1.73499
TP 1: 1.74910
TP 2: 1.76229
TP 3: 1.77262
Note: As always we react to what we see in the market!
#GBPAUD- BULLISH MOMENTUM UPTO 400 PIPSDear Traders, GBPAUD has been bearish as AUD and XAU have been bullish since long time due to DXY weakness, though we are expecting DXY reversal any time soon, we also think GBP will soon start strengthen.
Let's catch this big move.
Ideal Entry Would be now with stop loss below the previous low!!!
GBPAUD Weekly TF (Bullish)Please refer the yesterdays monthly analysis on this pair (link below)!
On weekly time frame we have a very important zone and if this zone holds then might be a very important zone for bullish scenario!
For long term, and if gold continue to show some weaknesses then the next zone might be price level 2.00000!
GBPAUD SELL!GBPAUD broke the Trendine to downside in March 2022 and ever since has been trading within a Rectangle Pattern as shown in the Chart. Price recently retested that Trendline and moved down quickly , managing to break even the Rectangle Pattern to downside and is currently retesting the lower limit of the Pattern . I expect a brief flag pattern followed by a downward move all the way to the Next Target 1.72713 !
GBPAUD longHi traders,
today I will share my GBPAUD long setup with you. As you know already we will see an increase of the interest rates
at the UK of 0,5% in the upcomming week. The BOE will increase the interest rate after the FED.
So from the fundamentel site we have a reason to go long on this pair.
On the other hand you can see from technical site a break of the downtrend and a formed higher low after the lower low
at the weekly support.
Now we see a phase of concolidation before the 1st impulse to the upside.
So fasten your seatbelts to catch the move to the upside.
GBPAUDGA bounced off the demand zone of 1.73410 last week although i won't be surprised if price comes back there to form a double bottom on 4HR timeframe for a proper testing of the zone before the major move upwards to 1.74919 (TP 1) and 1.76357 which will be my final TP and also happens to be 50% FIB level.
The overall trend on GBPAUD is sell so the buy i'm taking is a retracement move which happens to be a short buy.
The weekly candlestick closed with bearish engulfing and as we all know that engulfing bar rule states that the next candlestick often gets to the 50% level of the previous candlestick hence why we taking the short buy.
GBP/AUD Running In 150 Pips 0 Drawdown , Very Important Update This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assist
GBPAUD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/AUD Made H&S Pattern , Short Setup To Get 1000 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assis