GBP/AUDAs for Eur / Aud and for GBP / AUD we have a nice setup, although we would not be in too much of a hurry to enter the buy position for this pair. It is smarter to set up a much safer sell.
Gbpaudbuy
GBP/AUD BUYThe price has been in a downtrend since October 2020 (Red trend line)
and I'm expecting to catch the retracement move.
I can see that the price is in an uptrend since January 6th respecting the blue trend line and has reached a major resistance level.
I expect the price to fall back to the trend line, then expect it to continue the uptrend breaking the resistance until it reaches the downward Red trend line reversing the trend, indicating that the uptrend (retracement) has stopped.
GBPAUD BULL RUN CONTINUEAs we can see a flag pattern and TL test for bullish run.
So we are expecting a long term bullish run after TRENDLINE TEST.
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 - Global trend down Preconditions:
- Large Accumulation.
- global trend down
- local trend down
- The downward movement will continue.
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GBPAUD YOOO LET'S EAT ALL THE PIPS GBPAUD price is reject the strong level of support , GGBPAUD will go long
GBPAUD NEAR SUPPORTAs we can see market is in following support and TL. Now we are expecting a fakeout near support for long up side move.
GBPAUD BULLISH DIVERGENCEBullish divergence appear at lower level with confirmation so we are ready to go with BULLS.
GBPAUD BuyHigh Possibility of an emerging ascending triangle pattern. Plus, the crossed down and up LOWER Bollinger Band. The price is expected to oscillate within the triangle trend lines and then break out and start rising towards the SUPPLY ZONE.
GA Will more down for BREXIT IssuesGBPAUD will more down, perhaps it'll support @1.7210 Range. Than it will be long. And after this support level its a pure Bullish Butterfly Pattern
GBPAUD Create I.H&S in D1 Frame.GBPAUD Create Inverse Head & Sholders in D1 Time Frame. So Its Bullish in long term
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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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
gbp/audhi traders,
As you can see, there is a bullish flag pattern within a higher timeframe bullish flag pattern.
Price is also near a key daily support level, I expect a push up to the 0.5 fib region if price breaks out of structure
