GBPAUD 18/10 MovePair : GBPAUD ( British Pound / Australian Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Completed the Breakout of the Lower Trend Line and Making its Retracement. Completed " 1234 " Impulsive Wave. Divergence and Rejection from Fibonacci Level - 50.00%
Entry Precautions :
Wait until it Completes the Retracement and Rejection
Gbpaudidea
GBPAUD Potentially BullishFX:GBPAUD has been been attempting to push higher creating some higher lows on the H4 TF. Are we going to see a continued push? That remains to be seen.
My Immediate support areas:
1) 1.91936
2) 1.90541
My immediate Resistance areas (Targets)
1) 1.94971
2) 1.97279
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
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BluetonaFX - GBPAUD Descending Triangle SHORT IdeaHi Traders!
The bearish price action continues on the GBPAUD 1D chart, and there may be possible opportunities for short entries.
Price Action 📊
The market has had lower highs and lower lows since breaking below the 20 EMA, creating a descending triangle pattern on the chart.
We are looking for further bearish momentum to break and close the trendline support line and continue to the downside.
Fundamental Analysis 📰
The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.
Support 📉
1.88514: TRENDLINE SUPPORT
Resistance 📈
1.92527: TRENDLINE RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
GBPAUDGBPAUD currently for me in a neutral phase. A break above the 1.90719 and its retest, I will look for a long position while a break below 1.89722 and its retest will indicate a short. Until then, fingers crossed
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
My Reasons Why I Entered And Free Trade On GBP/AUD ,Got +70 PipsThis 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.
BluetonaFX - GBPAUD Triangle Break SHORT IdeaHi Traders!
There is a triangle formation on GBPAUD, and we have possibility of a breakout to the downside.
Price Action 📊
The market has had lower highs and lower lows since breaking below the 20 EMA, creating a symmetrical triangle pattern on the chart.
We are looking for further bearish momentum to break and close the trendline support line.
Fundamental Analysis 📰
The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low.
Support 📉
1.90556: WEEKLY LOW
Resistance 📈
1.92405: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
#GBPAUD: 1600+ PIPS SELLING SETUP!! Hey Everyone, GBPAUD had reached the buying exhaustion point since then price dropped significantly what we are currently looking at this pair is to watch for any retracement so that we can enter at the perfect zone. The main reason why we are expecting the big trend is due to BoE and RBA diverge in their monetary policy; though GBP is expected to be a weaker currency mainly because of strong US DOLLAR presence in the market.
Thank you as always ;)
GBPAUD I Bullish sentiment remains Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPAUD I Potential pullback and continued riseWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPAUD Analysis 2Sep2023Until the closure of this week, prices are still stuck in support. Although there are several bearish candles that are quite thick, but not enough to form a new low structure. There are several measurable targets that can be anticipated every time the price succeeded in penetrating each SND area.
Potential re-entry for a short on GBPAUDMy initial entry was at 1.98235 after breaking out of the consolidation area, we saw a continued drop till it broke through the 1.96611 area. As it stands, we have a pin bar on the H4 at same area as a retest for the continued downward move which shows some rejection of the area. If I see some bearish pressure further at this area, I will take a sell. We wait for the next trading session in next week.
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
#GBPAUD- UPCOMIG MAJOR TREND REVERSAL ;)Dear Traders, hopefully you are doing great, we will be approaching major area wait price may reverse big time let's not miss out on this great opportunity.
There is gap which needs to be filled if you look into the daily timeframe you will realise that price expected to fill up that area.
Good Luck And Trade Safe
GBPAUD I Potential pin bad & considerationsWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPAUD on Shorting Pressure! Let's See How it goes? {08/08/2023}Educational Analysis says GBPAUD may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Because GBPAUD Facing Bear or Short Traders Pressure From this area to go down.
This pair has started to make a change of character.
So this will be my trade set up to earn 5000 pips on this pair.
The market is bearish and I don't see this pair will make any new high upto my target profit level.
The black line is the Order block
The Blue line is high and low at the current price.
Trendline is also a blue line consisting of 2 joints on both sides to make the trendline valid.
Sell Limit Order at 1.95503
Stop Loss at 1.95655
Take Profit at 1.90712
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy trading, FX Dollars.
GBPAUD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.