Mon 21st November 2022 GBP/AUD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Buy. Enjoy the day all. Cheers. Jim
Gbpaudbuy
GBPAUD - Long from support ✅Hello traders!
‼️ This is my analysis on GBPAUD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill that gap and then to reject from support.
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GBP AUD Technical AnalysisThe British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity super cycle and a decline in China’s growth.
GBPAUD BACK TO CONSOLIDATION ZONESo price got messy and didn't respect the push up we simply got a pump and now price is back in a much easier zone. The next level ill be watching for buys is 1.69400, if we see rejection from here once more ill be look at taking advantage for a long back to 1.7 at least.
GBP/AUD Easy Long Setup To Get 200 Pips At Least !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 BULLISH OUTLOOKAustralian dollar fell after building approval data came at -17%, while only -5% was expected.
GBPAUD had broke the resistance of the falling wedge pattern. RSI is above 50 and MACD histogram is above 0 line, plus the instrument is above both its 20 and its 50 MA, which is a bullish scenario.
If this scenario continues, we might see increase of the instrument's price to 1.715, the alternative scenario is the price to return to the falling wedge support at 1.687
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Is It Time To Start Buying GBP/AUD ?? Detailed Analysis Today's trading idea is a LONG setup on GBPAUD.
Currently we have entered a Monthly demand zone from 2017 and approaching a weekly demand zone also from 2017 as pictured above. The weekly zone is untested the price range being from 1.691 - 1.664 it is highly likely price will drop down into this zone very soon as it's about to breach the 1.70.
On the 4hr chart pictured above we are already starting to get divergence signals on the MACD as we edge closer to the Weekly demand zone this is evidence selling momentum is starting to slow as we approach this area. What I expect to happen is a fast drop into this zone.
How I will enter this position is waiting for a MACD divergence signal to occur on 4hr or daily charts or wait for the same signal to occur on my custom indicator.
Profit Target for this position will be around 1.75 which is the weekly supply zone that caused the breakdown to the new low in the current trend.
Stop loss will be well below 1.66 and if a clean break and close of this level happens trade is invalidated.
Price will likely ebb and flow inside the weekly level making good opportunities for short term BUY trades every time price creates a new low or BUYING at the bottom on a range when it forms.
I will also look to enter a SHORT term daily position today below 1.70 if similar entry signals occur on the 15/30min charts with a STOP LOSS around 40 pips and a target of 1.71.
Hope you enjoyed this breakdown
Gbpaud restest completeHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPAUD
We can see a market break its strong support in D1.
So we are expecting a strong rise near support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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GBPAUD ForecastWhile the price is above the above 1.7 , a small reversal is expected.
At least 150 pips or more buy opportunity is expected next week.
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