#GBPAUD- BULLISH MOMENTUM UPTO 400 PIPSDear Traders, GBPAUD has been bearish as AUD and XAU have been bullish since long time due to DXY weakness, though we are expecting DXY reversal any time soon, we also think GBP will soon start strengthen.
Let's catch this big move.
Ideal Entry Would be now with stop loss below the previous low!!!
Gbpaudlong
GBPAUD longHi traders,
today I will share my GBPAUD long setup with you. As you know already we will see an increase of the interest rates
at the UK of 0,5% in the upcomming week. The BOE will increase the interest rate after the FED.
So from the fundamentel site we have a reason to go long on this pair.
On the other hand you can see from technical site a break of the downtrend and a formed higher low after the lower low
at the weekly support.
Now we see a phase of concolidation before the 1st impulse to the upside.
So fasten your seatbelts to catch the move to the upside.
GBPAUDGA bounced off the demand zone of 1.73410 last week although i won't be surprised if price comes back there to form a double bottom on 4HR timeframe for a proper testing of the zone before the major move upwards to 1.74919 (TP 1) and 1.76357 which will be my final TP and also happens to be 50% FIB level.
The overall trend on GBPAUD is sell so the buy i'm taking is a retracement move which happens to be a short buy.
The weekly candlestick closed with bearish engulfing and as we all know that engulfing bar rule states that the next candlestick often gets to the 50% level of the previous candlestick hence why we taking the short buy.
GBPAUD BUY So Basically We are In on GBPAUD, On a Longterm Buy Of 300 pips Plus.
So we are Waiting Patiently For A short Confirmation Before Making a Buy Moves.
Confirmation entry at the Blue line area Which is @1.76596 That’s the Buying area,
So let’s move on to the short before the Buy
GBPAUD SELL 129 pips
SL: 1.78331
TP: 1.76596
Then For our Major Buy which we are all Focusing on
GBPAUD BUY 300 pips plus
SL: 1.76029
TP: 1.79666
Good Luck Guys
If you Like this Analysis Please Drop a Comment thanks guys.
GBPAUD BUY So Basically We are In on GBPAUD, On a Longterm Buy Of 300 pips Plus.
So we are Waiting Patiently For A short Confirmation Before Making a Buy Moves.
Confirmation entry at the Blue line area Which is @1.76596 That’s the Buying area,
So let’s move on to the short before the Buy
GBPAUD SELL 129 pips
SL: 1.78331
TP: 1.76596
Then For our Major Buy which we are all Focusing on
GBPAUD BUY 300 pips plus
SL: 1.76029
TP: 1.79666
Good Luck Guys
If you Like this Analysis Please Drop a Comment thanks guys.
GBPAUD good opportunity GBPAUD is exactly moving according my previous analysis ( tagged )
We take a buy from v good area with small risk and high reward.
Now we can see market is overbought in small time frames so I expect some retracment or reversal here.
So buy from dips now buy from dips is on our card on this pair.
Always trade safe and must use SL.
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GBPAUD (LONG) 🔥🔥🔥ENTRY OPPORTUNITY
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck