Gbpaudanalysis
GBP/AUD Trying To Close Above Down Trend And Long Setup Here !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
GBPAUD: Its All Trapped!Sellers have had a clean run down with very simple breakout retail patterns, have the banks made it too easy for them?
Or will they return to capture some of that fine liquidity?
I believe we will see one last push down before we tread up aggressively for NFP.
Let me know what you think in the comments below.
GBPAUD ANALYSISInteresting opportunity in this pair, we are approaching a big support that can turn this downtrend around, I would look for buying entries around 87750 but if this pair manages to close below this support we can see a big downside potential so if that happens look for a retest of this support that wiill be turned resistance and enter in a short.
GBPAUD AnalysisExpecting a bullish retracement on GBPAUD to 1.89877.
On the daily, the market is also respecting a bullish order.
On the weekly, price has broken our trendline after three touches but the breaking candlestick didnt closed as an inside bar, no clear rejection from the upside. A close below the low of the candlestick should give a clearer bearish momentum.