GBPAUD BullishGA create bearish butterfly pattern & correction done! Now GA create hidden bearish divergence in daily frame, and i anticipate its long!
Gbpaudanalysis
GBPAUD - Sell signal* TAKE THIS TRADE AT YOUR OWN RISK *
GA Approaches its 20 day highs, potential reversal in play... Lets see how far the correction takes us....
GBP/AUD Full Analysis And 200 Pips For Free In This VideoThis 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
GBPAUD OVERVIEW for the month of June GBPAUD analysis overview-
Monthly closure - bullish engulfing, giving me a long bias(long term) for the time being
Weekly chart - bullish closure with a significant bullish rejection (long lower wick), can potential start ranging if reject from the resistance level ahead
Daily chart - break above resistance making a new higher high, potential new resistance found and could potential see a retracement (this would be dependent on how the lower timeframes hold their structure) if today's candles closes bearish and tomorrow follows through, potential area it could retrace too 38.2% as it has confluence with previous resistance level.
H4 chart - initiated a 123 move to the up side which could give birth to an uptrend, I have to areas of interest the 38.2% fib level as it is the same area of interest as the Daily chart, if this area fails to hold support(if we ever get to it in the first place) i would potentially be looking at the 61.8% which is lining up with my previous H4 resistance level and has we know "previous resistance can become support"
30m chart (my main trading TF) - we had impulse wave breaking the previous level of resistance, then followed by a pullback which seems to be finding support at the 50% fib level, potentially creating something which some people would call a 'double bottom' (lets see how the candle closes).
Overall a lot of confluence for potential long opportunities, which will be my main focus for this pair for this month ( as long as market structure still maintains the same).
GBPAUD possible bullish target 1.8680#gbpaud, professionals increase 4% long by last week positions, 6k long increase by last week. Commercials decrease 1% long positions. weekly chart forming higher high and higher low. 1.828-30 highly demand zone for buy positions. split your risk with multiple position i.e 1.8280, 1.8230 even 1.8180 as well with stop loss 1.8140. target is 1.8680. this is weekly trade setup. trade with discipline and money management.
GBPAUD - Bearish Opportunities !Welcome to our Trade Setups - May 30th ( GBPAUD ) !
SELL GBPAUD
ENTRY LEVEL @ 1.83968
SL @ 1.84304
TP @ 1.83296
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2
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Have a great week everyone!
i believe GBPAUD is due for shortGA is currently at a Channel's resistance. This is a good spot to sell because on Tuesday(June 1st) is AUD interest rate.
Buy GBPAUD after breakout and retestThere was a good wedge for GBPAUD to trade and I took profit of it, now I'm expecting new wave to break the resistance and create a new buy signal, don't enter the trade before the breakout.
In the other scenario it can go down from here for another leg but i dont see any reason for that to happen. I will be bullish on this pair for long time.
Hint: The London opening will show us which way to trade trade after London breakout to increase the winning rate.
GBPAUD W4 May 2021GBPAUD
Short Setup
Price broke out of a ending diagonal, and broke previous wave-4. Next level is the previous significant demand.
GBPAUD Expecting Further Up!I'm expecting further up on GBPAUD after price correction at 1.81200 level.
GBPAUD Sell SignalHey traders, here is the analysis for the GBPAUD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
