Gbpaudlong
How To Trade In Sideway With Real Setup On GBP/AUD Now 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 Long termGbpAud has been down for 2 months, it means we had big strength from Aud without any pullback.
Now Audusd has reached super resistance and now it's reacting , it means if Audusd is going short , GbpAud its directly concerned from Audusd pair and GbpAud will go long.
We can find here a good position for long at :1.7275 with a stop loss at :1.7170 and profit target reward 1:4x2 at price 1.7720.
GBPAUD D1 LONG> The previous week price tapped 1.71800 and got rejected, creating a double bottom on D1 time frame.
> Our current weekly candle is bullish with no bottom wich
> The previous daily candle tapped the 1.78400 area and closed above 1.77300
> I anticipate price to continue bullish and continue creating new highs
> Buy limit 1.77300 with stops below 1.76700
> Targets at 1.78445,1.79800 and 1.81500 respectively
GBPAUD | SELL SIGNALSGBPAUD has hit the resistance zone which it has unable to break from 18th March last month. We saw a couple of failed attempt.
Currently price took beating from resistance and trading at important support level which is the watchout level as Fib and horizontal support reside there.
Trade your levels accordingly
💡Don't miss the great buy opportunity in GBPAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7433).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 1.7582
TP2= @ 1.7746
TP3= @ 1.8030
TP4= @ 1.8178
TP5= @ 1.8392
SL= Break below S2
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💡Don't miss the great buy opportunity in GBPAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7433).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 1.7582
TP2= @ 1.7746
TP3= @ 1.8030
TP4= @ 1.8178
TP5= @ 1.8392
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPAUD LongGBPAUD has reached our major support cluster after forming a double top. I now anticipate GBPAUD to complet the double top paattern with a restest of the neckline and return to its bearish movement confirrming the double top signal. We aree taking the retracement as a signal and buying GBPAUD to take profit on the neckline.
GBP/AUD X2X2 Position
1. Buy: GBP / AUD
Buy limit: 1.75185
SL @ 1.74450
TP @ 1.76940
Max Risk: 2%
2. Buy: GBP / AUD
Buy limit: 1.74440
SL @ 1.73820
TP @ 1.75600
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
It is not an investment recommendation
GBPAUD | SELL !! ON BREAK BELOWGBPAUD has been trading in bullish parallel channel and it gave a break below on 27th Apr with price testing the support zone.
We saw a retest towards the break below region as if forms a lower high (Confirming bearish trend). Now the price is heading towards the support area again and we will look to sell it if the support zone is taken out.
Trade your levels accordingly.