Gbpaudbuy
GBPAUD--- Weekly Planning- Update LiveDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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GBPAUD LONG 200+ Pip Potential-4H/1H candles closed with bullish momentum.
-Nice bounce from 1.9225 level
-Showing signs of a buyers coming in
-Short term up trend confirmed with a Higher low
-Expecting to break and then retest structure at 1.9375 level before continuing on the upside.
-EMA Crossover
Remember to move your SL 5 pips above your entry when price has formed another Higher high.
You can then look to scale another position at the retest of the next structural levels.
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Peace and prosperity to all
Forex Forecasts: The buying scenario on the GBPAUDThe Australian pound is moving sideways on a 4 hour frame, which constitutes a possible consolidation area to start buying.
A break through the upper part of the Wyckoff gathering area at 1.8513 is a good opportunity to enter a long position.
But if the price returns to the bottom of the consolidation area, it is an opportunity to enter early buying from 1.7714
GBPAUD, 4hr tf, buy bullish flag breakoutHello my friends,
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First is GBPAUD pairs, as you can see there is a bullish flag forming and price already broken above the the resistance.
We could see GBPAUD continue north and the measured objective of this bullish flag is around 1.8390
Buy GBPAUD 1.8145
Stop loss 1.8100
Take profit at 1.8370 (5R)
RR Ratio 1 : 5
Use only 1-2% risk
Good luck
Upside potential on GBPAUD provided price holds above 1.814Over on the daily, we see price leaning towards the upside.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
Planning a second attempt at GBPAUD as price recovers
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.