Gbpaudidea
GBPAUD SetupOANDA:GBPAUD
On the 4h, price has actually just broken down out of the halfway 'regression trend' line and broken out of an important level of up-trending support.
We are currently in a med-term + Long term phase of lower lows and lower highs so i expect this to continue as bears have defeated bullish trend line.
When market opens, I will enter short.
GBPAUD LongGA is in an overall downtrend on the weekly timeframe. However, the daily and the 4hr show a nice 100+ corrective move to the upside. Look to enter around the 1.798 correction zone and take profit around the 1.812 zone.
POTENTIAL BEARISH MOVE ON GPBAUDPrice is showing increasing pressure from the bears and has the potential to retrace the marked grey line which is 50% fib level of the bearish impulsive move. From there, i can potentially see the bearish move continuing and completing 100% of the retracement at the green level which is the marked take profit. I will also be looking out for bearish divergence.
Risk exposure on the trade : 1%
Risk to Reward ratio- 1:2
Psychology intake before trade - No trade is guaranteed, so trust your analysis and manage your risk. Do not trade with winning exceptions and accept the fact that the trade may hit your stop loss. Level up and move to the next trade.
GBPAUD: SELL at H1 Resistance.Looking at a Bearish Continuation for GBPAUD after today's Pullback. Traders can look for SELL at 1.8500-1.8520 with SL above 1.8548.
TPs can be set at 1.8450 and 1.8385 respectively
GBPAUD en Largo
En consolidación en canal con tendencia alcista
Coincidencia en los niveles -27.2% y -61.8% para tocar el nivel superior del canal
MACD en nivel positivo con tendencia alcista
GBPAUD / M15 / Technical ChartGBPAUD / M15 / Technical Chart
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DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight into my trading techniques, you should do your own due diligence and not take this information as a trade signal.
GBPAUD DailyOne of my favorite Setups.
Right now, where we stand, stucture is complete. So, we can have a really big move to the downside. Otherwise, if we make a new high Ill have to re-look the stucture. But again, really nice Risk Reward
Bearish bat pattern on GBPAUDXABD Bearish bat pattern on GBPAUD, i think its time to short this pair... what do you think guys,
Please like and comment...
GBPAUD Sell IdeaSell limit if price reaches 1.83009 (.236%fibretracement)
will be looking for wick entry because price has not retested
that zone yet but once.
Entry: 1.83009
TP 1 : 1.81655 (129 pips)
TP 2 : 1.80582 (242.7.1 pips)
TP 3 : 1.79401 (360.1 pips)
SL: 1.84164 (115.1 pips)
GBPAUD could continue to find floor at 1.7904
GBPAUD SHORT, Short Waves of Buying OpportunityThe volume of the GBPAUD should be more in line with the higher timeframe to support the rising moving price. the volatility of the volume does not move then the price will slow down and reversal going in the opposite direction.
GBPAUD Short PlanGBPAUD Short Plan
Open Sell #1: 1.74356
Open Sell #2: 1.75667
Take Profit: 1.69128
Stop Loss: 1.76599
GBPAUD Short opportunityCURRENCY PAIR: GBPAUD;
Time Frame: 4H - 1H;
SHORT OPPORTUNITY.
R/R Ratio : 3.0
Descending triangle.
