Pound showing long against AUDHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPAUD
We can see market is going to test its previous support or trendline.
So we are expecting more rise to its major resistance after testing.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
Gbpaudanalysis
DeGRAM | GBPAUD short opportunityGBPAUD broke and closed below a strong support level at 1.7500, which became a resistance.
If the price returns to it, we can look for a selling opportunity.
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War of Pound and Aussies is on peakHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPAUD
We can see market is stuck in a range.
So we are expecting more rise from its support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
GBPAUD...SHORT (118 PIPS)Expected GBPAUD to have a short run last week, but market wasn't respected as such due to Boris Johnson's resignation and more. Technically, I'm expecting GBPAUD to follow the trend and repeat last week's low of 100 pips. Currently, GA is trading in my supply zone.
NB: When GA breaks my breakout zone completely ( BLUE BOX REGION) , I'm expecting a strong sell...… A BEARISH CONTINUATION!!!
⁉️ GBPAUD - Market AnalysisHello traders!
⁉️This is my analysis on GBPAUD.
Here we are in a range for the last 3 months, so I expect the breakout of the support or resistance zone, but only with a confirmation. Be careful with the spikes that price makes.
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GBPAUD – Range play for the week of 04 July, 2022Preceding trend – bearish
Current price action – Ranging/Consolidation
The range is well established and taking a short at its top would be in line with the major trend. A trend continuation leading to larger gains cannot be ruled out either. For an entry signal I will be looking at price action on H4 and H1 time frames. Extending the target will depend on how I see the strength and momentum with the bears. For now, I will be targeting the range bottom.
If this setup works out as per above, we have the potential for a +3R trade.
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Always use sound money and risk management and stay patient in all your trades.
Gbp/Aud update today with H1 time frame, a strong indication of Gbp/Aud update today with H1 time frame, a strong indication of selling pressure.
Looking at this H1 chart, there is a line of doji candles like the ones I marked as H on the chart, I see this candle as H1 resistance with the strengthening of the horizontal kumo cloud area (arrow) indicating that this cloud is strong support. With a 1:2 risk, I dared to make a decision to short this pair.
There are significant changes to Gbp/Aud today.There are significant changes to Gbp/Aud today. if yesterday's analysis showed that there was an indication that the price was at strong support, the added kumo cloud indicated an indication of increased buying volume, but today the kumo cloud indicates a significant selling movement and the price is possible to break through the support (blue box area) we will wait until the end of today to see the end of the candle whether it can go through support.
Gbp/Aud confirmation for bull candle. Ichimoku analysis on Gbp/Aud shows that there is strong support (in the blue box), where the push, kijun and kumo seem to form a flat line. Areas like this are usually strong areas. Seeing the ichimoku cloud is also starting to thicken for an early sign of buying influence. It's better to keep waiting for a bullish candle to confirm the entry of a strong buyer.
Gbp/Aud waiting for super momentumLooking at this chart, it is clear that the Gbp/Aud pair is ranging. Since the beginning of April until now, it has been 2 months Gbp/USD has not seen any movement that can penetrate this ranging box. This pair is my main concern. Looking at the length of time ranging, we can be sure that when a breakout occurs, the momentum will be extraordinary, we can join the momentum to get multiple profits.