💡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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Gbpaudlong
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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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.
GBPAUD | New perspective | folow-up detailsA follow-up detail on the GBPAUD that was published in the course of last week's trading session (see link below for reference purposes) as we closed with a minimum of 150profits move in our last trade, the retest of the neckline of the reversal structure we identified on the daily/4H time frame will be a bullish confirmation. Then it is most appropriate that we lookout for bullish momentum from this area (1.76000) in the near future.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
GBPAUD Potential UpsideGBPAUD remains to be bullish with previous lows remaining to be unbroken and making new highs from the Head & Shoulders neckline. Target 200% Fib level seems to be a good target with reasonable pips to be earned. This trade is only valid when price action confirms the upside. Trade with care & Goodluck.
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GBPAUD BUY9:15 AM ENTRY
weekly: last 4 weeks closed bullish respecting 1.75000 support level
last week closed above yesterdays close/ range
Daily: uptrend, bullish
4hr: uptrend bullish structure, above 50 ma last 4hr candle closed doji
1hr: uptrend, respecting 1 hour zone + Market structure+ above 50 eMA
1hr: retesting previous resistance
15 min entry
Bullish outlook on GBPAUD: 25 April 2022On the H1 time frame, prices are showing bullish order flow, with higher highs and higher lows being formed. A pullback to test the support at 1.75822, in line with the 127.2% Fibonacci extension, 78.6% fibonacci retracement and ascending trend line provide an opportunity to play the bounce to the next resistance target at 1.79551, in line with the 200% Fibonacci extension and 78.6% Fibonacci retracement. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
GBPAUD BUY IDEA entry at 7:40 pm
weekly: last 4 weeks closed bullish respecting 1.75000 support level
last week closed above yesterdays close/ range
Daily: uptrend, bullish
4hr: uptrend bullish structure, above 50 ma
1hr: uptrend, respecting 1 hour zone + Market structure+ above 50 eMA
entry off the 15 minute
targeting 1.41 fib level
GBPAUD-BUYGBPAUD gave a drastic drop this passed week. I believe it will be headin up to retest 1.87600 before dropping to 1.81000. This is a technical perspective. There’s is a bearish engulfing that formed on the monthly that shows a possible drop to my support level before going back up, but i will have to see how the fundamental news for these next weeks will say about this currency pair.
GBP/AUD Running In 80 Pips Profits , New Entry Valid Next WeekThis 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