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Gbpaudanalysis

GBPAUD | perspective for the new weekThe Pound has been trending higher since the beginning of last year and has since been rejected at A$1.915area on two separate occasions (August 2021 and February 2022) thereby leaving a clue for selling opportunity if the price does not break out of this area. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Top) Observation: i. Zooming in on the daily timeframe, the visual representation of a line drawn under pivot lows reveals the prevailing direction and speed of price action in the last 3 months. ii. However, after testing the major supply zone around the A$1.92 area; price action appears to began a spiral downward a phenomenon that wants to be similar to what happened in August 2021. iii. The appearance of a double top structure within an important supplication (A$1.92) area appears to be confirmed when price did a breakdown and retest of its neckline in the last couple of weeks. iv. In this regard, I shall look forward to a breakdown of the trendline for confirmation to open a short position on this pair in the coming week(s). v. Hence, the below trendline remains a comfortable area to sell the Pound... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 400 pips. Risk/Reward : 1:3 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPAUD AnalysisHello Traders, Hope you are having an amazing week ! I am short biased on GBPAUD for the rest of the week, we are breaking impulsively and i expect further continuation to the downside. I have already taken a position earlier in asian session, hope to see a bit more correction so i can scale in another position. Wishing you a profitable week ahead! Disclaimer: this is not financial advice, charts we share should only be used for educational purposes ETGL Team 💛
Short
by Eleventgl
GBPAUDClassic AMD Trade / Asian - London - NY Old High Taken (Last Years High) We Have A ACCUMULATION (A) BOX, Which Is Also Our Asian Boc We Had Price Selling A Bit Forming Our MANIPULATION (M) / London Open Rally Whilst Forming A MANIPULATION, It Filled The Liquidity Void Filled In The Bearish Order Block Formed HTF Divergence PD Arrays Checklist Old High Taken ✔️ Imbalance ✔️ Bearish Orderblock ✔️ Breaker Block (In Progress Mitigation Block (In Progress) Type Of Trade Reversal AMD Trade Discount PD Arrays Active Divergence Reversal ID50 London Turtle Soup Short (TSS) My Expectation Price To Start The Distribute Downwards(NYO/ NFP) Price To Mitigate On The Order Block Price To Fill The Liquidity Void Below DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research ( DYOR) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
Short
by Prof_Invests_ZA