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Gbpaudforecast

GBPAUD | Perspective for the new week | Follow-upWith over 200pips in our direction since my last publication (see link below for reference purposes), It appears we are at a juncture in the market that calls for another trading opportunity as the Bullish tendencies continue to build up from a Double Bottom structure. The British Pound to Australian Dollar (GBP/AUD) benefited as the first quarter Australian inflation rate failed to pick up thereby suggesting that inflationary pressure has picked up within the Australian economy as the Aussie failed to take any particular encouragement from this data. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Channel | Reversal pattern Observation: i. Since price action broke above Key level at the beginning of the year, the price has continued to thrive above this level most of the time. ii. After I connected the lower highs and lower lows of price with parallel trendlines since late March 2021 to date, the price has been respecting a Channel that depicts a downward trend. iii. Since finding bottom @ AU$1.77500, the appearance of a Double Bottom - a strong reversal pattern emphasizes a rally as the price continues to find Higher highs which culminated into what looks like a Channel Breakout (see chart) during last week trading session. iv. As I remain patient for buying opportunity on this pair, my Key level @ AU$1.78700 shall remain a yardstick for a trading opportunity in the coming week(s). Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:5 Potential Duration: 4 to 8days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPAUD - Buy Entry - D1 ChartGBPAUD - Buy Entry - D1 Chart Buy @ Current Market Take Profit @ TP 1 or TP 2 Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 DISCLAIMER 🔺 The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Long
by UnknownUnicorn5418842
GBPAUD Forecast!! Looking Great!!!PoundAussie PA has been moving down nice and corrective on the higher TF. There are a lot of equal highs and equal lows forming, these will get swiped with all the liquidity above and below them. I will be looking for continuation patterns on the lower TF. The easiest way to trade GA is to dissect it into stages to make it more visible to see the patterns, The same fractal patterns happen over and over again!! We could get some asian sweeps Monday and Tuesday.
by Jake-from-the-trading-Cartel
1
GBP/AUD to the downside Good Day Traders !! Daily : We have a "W" formation and we are currently at a strong level of resistance that was rejected by the market if you look at the wick of the last candle, the price seems to be going toward the downside again to continue it's weekly pattern. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Short
by TheDayzen
GBPAUD Forecast potential long!I made 12% and 25% on GBPAUD this week! I will post my trades below. GBPAUD is looking great for more buys and possible sells later in the week. Lets see if Monday/Tuesday Pa creates another Higher low. Higher time frames is suggesting this pair is start be bullish. However we have some important key areas above for possible rejection. Give me a follow and like to keep up to date forecasts, Once you can read the high possibilities where price action is heading, then you can learn how to enter trades on the lower time frames AND how to protect your capital, so you lose absolutely no capital! yes that is right! AND have a high Strike rate over 70%
Long
by Jake-from-the-trading-Cartel
GBPAUD | Perspective for the weekHappy New Year! It is another new year and we are beginning with a Bullish expectation on the GBPAUD pair as the Double Bottom structure guides us to a potential Higher high in the coming week(s). As at the time of writing the exchange rate for the pair is dangling around AU$1.77040 as we look forward to the appropriate price to buy the Pound Sterling. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Supply & Demand | Double Bottom Observation: i. The fall of Pound found the bottom in September 2020 @ AU$1.7500 and it appears sellers are finding it difficult to push below this level as price experienced a sharp rejection of this level again in December 2020. ii. Double Bottom: Rejection of this level (AU$1.7500) the second time followed by Higher Highs give rise to the opinion that we might be at the verge of a reversal. iii. This been said, it is appropriate that we remain cautious as we grope for confirmations at this juncture in the market. iv. In this regard, my anticipation of a significant Breakout of AU$1.7900 level and maybe followed by a rejection of this level could be enough reason to hop in the rally. v. It is worthy to note here that a significant Breakdown of our proposed Demand level might consider this bias invalid... Stay tuned! Trading plan: BUY confirmation with a minimum potential profit of 600 pips. Risk/Reward : 1:4 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1