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Gbpaudanalysis

20 Reason for sell GBPCADupdate 04/09/2022 1 Structure 12 : bearish 2 imbalances :\Target marked 3 Current Move 12:impulse 4 Entry TF : H1 4.1 ETF Structure: Bearish 4.2 move : IMPULSE 5 Support Resistance: resistance at OB 6 FIB: wait for retracement 7 candle Pattern: momentum 8 Chart Pattern: Falling base falling flag 9 Volume : after a rally volume dried VAS 10 Momentum: Resistance in 60 level RSi 11 Volatility : Excepted volatility Diverges BOLLINGER BANDS 12 strength: highest weakness excepted ADX 13 Sentiment : extremely weak ROC 14 Final conclusion: wait for retracement or confirmation 15 Buy /Sell/Wait : Sell 16 Entry: 1.5152 17 Sl:1.5185 18 Tp:1.4701 19 Risk to reward Ratio:1:14 Excepted Duration : 8 days
Short
by Optimum369
2
20 Reason for Sell GBPAUD 03/09/2022 1 Structure Weekly : bearish 2 imbalances :\Target marked 3 Current Move weekly : impulse 4 Entry TF : h4 4.1 ETF Structure: Bearish 4.2 move : Impulse 5 Support Resistance: resistance at OB 6 FIB: 7 candle Pattern: momentum 8 Chart Pattern: falling and base 9 Volume : high volume VAS 10 Momentum: below 40 bearish (RSI UNCONVENTIONAL) 11 Volatility : walking om the band (BOLLINGER BAND ADVANCE) 12 strength: ADX start strengthen (ADX) 13 Sentiment : GBP is weaker then Aud (ROC) 14 Final conclusion: sell on opening 15 Buy /Sell/Wait : Sell 16 Entry: 1.6890 17 Sl:1.6950 18 Tp:1.5832 19 Risk to reward Ratio:1:10 Excepted Duration : 20
Short
by Optimum369
GBPAUD BULLISH OUTLOOKAustralian dollar fell after building approval data came at -17%, while only -5% was expected. GBPAUD had broke the resistance of the falling wedge pattern. RSI is above 50 and MACD histogram is above 0 line, plus the instrument is above both its 20 and its 50 MA, which is a bullish scenario. If this scenario continues, we might see increase of the instrument's price to 1.715, the alternative scenario is the price to return to the falling wedge support at 1.687 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
Is It Time To Start Buying GBP/AUD ?? Detailed Analysis Today's trading idea is a LONG setup on GBPAUD. Currently we have entered a Monthly demand zone from 2017 and approaching a weekly demand zone also from 2017 as pictured above. The weekly zone is untested the price range being from 1.691 - 1.664 it is highly likely price will drop down into this zone very soon as it's about to breach the 1.70. On the 4hr chart pictured above we are already starting to get divergence signals on the MACD as we edge closer to the Weekly demand zone this is evidence selling momentum is starting to slow as we approach this area. What I expect to happen is a fast drop into this zone. How I will enter this position is waiting for a MACD divergence signal to occur on 4hr or daily charts or wait for the same signal to occur on my custom indicator. Profit Target for this position will be around 1.75 which is the weekly supply zone that caused the breakdown to the new low in the current trend. Stop loss will be well below 1.66 and if a clean break and close of this level happens trade is invalidated. Price will likely ebb and flow inside the weekly level making good opportunities for short term BUY trades every time price creates a new low or BUYING at the bottom on a range when it forms. I will also look to enter a SHORT term daily position today below 1.70 if similar entry signals occur on the 15/30min charts with a STOP LOSS around 40 pips and a target of 1.71. Hope you enjoyed this breakdown
Long
by TheFxAce
1