Gbpaudbuy
GBPAUD Broken Out of Its BEARISH Trend...Long Opportunity!!!Lets look at a longer term picture of GBPAUD, what you can see it bulling till a high of 2.0800+ price level before we start seeing a BEARISH trend which brings us all the way down to this price level now. If we look at Fibonacci Retracement for that BULLISH movement to 2.0800+ level, we can see that BEARISH movement now is reaching close to 61.8 fib level which I believe we will see a bullish reversal soon. If we were to look at the recent BEARISH movement from GBPAUD, we can see that it have been obeying the trend line I drawn pretty well but recently, we saw a breakout of this trend line. This could signal to me a possible BULLISH movement can happen soon. Not only that, there is a support level @1.7890 where I believe is also near the area where price will retest the broken BEARISH trend giving us a possible good risk to reward BULLISH climb. I will see this BULLISH movement moving till 50.0 fib level (new fibonacci retracement drawn for the BEARISH movement), of which near this area there will be a rather strong resistance level @1.9750. Thus, I will see BEARISH movement start to form at my resistance zone (Red area) if a bullish retracement is to occur.
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GBPAUD TRADE SETUPGBPAUD as guys we are seeing its coming down from past few weeks and now it has reached its daily buy trend support which is very strong buy position for gbpaud .Tomorrow RBA news is also coming and there is possibilty that it can go up around 250-300 pips on news candle and than all the day going up to buy so if you want to enter on buy its the great chance you can take on gbpaud buy if you want to eun long term trade.
GBPAUD 1000 pips on business opening MondayGBP against the aussi looks really bullish in my eyes.
3 main reasons:
1.business will be open in the UK on monday
2. i see a nice breakout of the weekly level in the direction of the monthly level.
3.a nice support at the green and red moving average crossing each other (20 and 50 ema)
My first target will be 1.8400
i have a stoploss of 30 pips at 1.82900
What do you think guys ? react and share your thoughts
GBP/AUD BUY SIGNALHey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Buy-Order: 1,82350
Stop-Loss: 1,80840
Target 1: 1,83560
Target 2: 1,85000
Target 3: 1,86000
Stop-Loss: 151 pips
Risk: 1%
Risk-Reward: 2,4
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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GBPAUD - SWING - 09. JUNE. 2020Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Bullish price action above previous highs.
4 HOUR
Overall bearish market with a possible turn.
DAILY
Good long entries, prices came back to our main sr level.
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FOREX SWING
BUY GBPAUD
ENTRY LEVEL @ 1.82550
SL @ 1.80830
TP @ 1.84960
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPAUD-- Bigger Chat Analysis and Forecasting Never Trade alone
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Disclaimer:
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.
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