GBPAUD LONG SIGNAL!I used different pivot points and created a confluence fib zone which also integrates with a strong demand area. Prices are currently rejecting this level with a long wick. I believe it is a clear long signal.
Gbpaudlong
#GBPAUD 1HGBPAUD (British Pound / Australian Dollar)
Timeframe: 1-Hour (1H)
Pattern: Falling Wedge / Support
A falling wedge pattern has been identified on the 1-hour chart of GBPAUD. This bullish reversal pattern is formed by two converging downward-sloping trendlines, where price action makes lower highs and lower lows. The decreasing volatility within the wedge signals that bearish momentum is weakening, setting up for a potential breakout to the upside.
Additionally, the price is currently approaching a key support level, strengthening the probability of a bounce and upward reversal.
Forecast: Buy
Given the falling wedge pattern and the presence of support, a buying opportunity is forecasted. The pair is likely to break out of the wedge to the upside, and the support level provides a strong foundation for a bullish move.
Technical Outlook:
Support Level: The lower boundary of the falling wedge, acting as a critical level for potential bounce or reversal.
Resistance Level: The upper boundary of the wedge, which may serve as a target for upward price movement.
Key Levels to Watch: A breakout above the upper trendline of the wedge would confirm the bullish outlook, potentially leading to further gains.
Traders should look for confirmation through bullish candlestick patterns or increased buying volume near the support level to validate the entry.
Keep an eye on economic factors affecting both the British Pound and Australian Dollar, as shifts in monetary policy or commodity prices could impact price action in this pair.
#GBPAUD 4HGBPAUD 4H Chart Analysis: Trendline Breakout and Retest
On the 4-hour chart of GBPAUD, we have observed a trendline breakout followed by a successful retest of the previous resistance, now acting as support. This pattern is a strong indicator of bullish momentum and suggests a potential buy opportunity.
With the retest confirming the strength of the breakout, this presents a good entry point for buyers. A continuation to the upside is expected as long as the price holds above the trendline support.
Strategy:
- Enter a buy position after confirming the retest.
- Set initial profit targets at key resistance levels above the breakout point.
- Use the retested trendline as a stop-loss area to manage risk.
GBPAUD - Look for Continuation Long (SWING) 1:6!Price is currently consolidating and forming a symmetrical triangle on the HTF. The price action indicates a failure to create a new low, respecting the HTF bullish trendline. However, this could change when the US Session opens, with a possible breakout influenced by the PMI USD news.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPAUD Short Term Buy IdeaH1 - Price respected a key support zone and bounced higher
Most recent downtrend line breakout
Until the key support zone holds my short term view remains bullish here.
gbpaud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
gbpaud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
gbpaud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
#GBPAUD: Big Move Worth +619 Pips in Making? Price have changed the characteristics and we also have witnessed that these characteristics will ultimately take the price to an another higher high resulting in us gaining a clear +619 pips move. You can use this chart for educational or bias purposes only. this is not a guaranteed price move by any means.
GBPAUD long- Price on the 3 month timeframe is very bullish as there are consecutive higher highs.
- Price on the monthly is bullish as well since August's month candlestick broke above a high.
- With this in mind, we know that price is just collecting orders before we see a move upwards.
- My monthly targets would be at 2.0365
- Two weeks ago, the week's candlestick broke above the body closure of the previous major region at 1.9655. However, we can tell that orders were not enough to take price higher. That is why last week's candlestick ended up bearish.
- This tells me that price is simply collecting orders for a bullish move.
- On the daily, two things happened.
- First, price broke above a major liquidity region at 1.9590. After breaking the region, price never tested that level before going upwards. What this tells me is that wanted to go higher but was unable and hence, it went to the 1.9500 psychological level.
- We see that price took orders from the 1.9500 psychological as is evidence from the three pin pattern and double bottom on the 4 hour timeframe. If price breaks above yesterday's high at 1.9605, the next targets would be at 1.9635. The 4 hour target would be at 1.9620.
- As of now, I sit on my hands as I wait for price to head upwards
GBPAUD - Look for Continuation Long (SWING) 1:4!The price is showing a strong bullish trend with a clear HH and HL structure, currently retesting the HTF trendline before potentially continuing to the next Supply Zone. With a RBR pattern serving as confirmation, the next Demand Zone holds high potential for the price to take the order block and continue moving upwards.
Let's see if the price can reach the target profit levels!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
gbpaud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade...(Update this signal)
GBPAUD longHere is why:
- On the 3 month timeframe, price has formed mini higher highs indicating that price is headed upwards. My targets for this timeframe are 2.03700
- On the daily, if you zoom in on yesterday's candlestick, you can see that price broke a high. Moreover, 1.9650 is a very strong liquidity area. Price attempted to break that area but was unable. We see that Monday's candle collected some orders to push higher but they were not enough to take the pair further. Hence, why we see this sudden rush of bearish momentum.
- Price is currently looking for areas to collect orders from and I spectate that it will do that at the 1.9450 region (which is a weekly level and a major 4 hour liquidity level)
- I am sitting on my hands as I wait for a bullish setup before I enter the markets
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GBP/AUD +150 Pips 0 Drawdown , New Entry For New Week !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.
GBP/AUD Gave Yesterday +50 Pips ,New Entry Valid To Who Missed !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.
GBP/AUD Broke The Res , Very Clear To Buy It And Get 200 Pips !We have a very good broke to res and we have a very good bullish price action , so we can wait the price to be back to retest the broken res and then we can enter a buy trade with 200 pips target !
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 longHere is why:
- There are several confluences.
- The 3 month, monthly and daily timeframe are bullish. The 1 week timeframe is a bit messy and hard to analyze.
- Yesterday we saw a rush of bullish momentum as stated in Monday's analysis
- My targets were 1.9605. However, price has not hit my target yet.
- I am currently expecting price to 1.9535 then head towards my target where I expect to buy. For now I am sitting on my hands.
- I expect the London session to form a bullish setup, which I am currently waiting for.
Sharp move in GBP/AUD will lead to 1.97-2.00(09/03/2024)GBP/AUD made a good jump from the 1.93 resistance zone.
At first glance, the move is sharp with good momentum indicating the 1st wave of the 5-wave impulse pattern.
We believe that the price will keep its momentum until it reaches 1.97(first target) and 2.00 zones.
Our technical view has been shown in the chart.
If you like it then Support us by liking, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPAUD BUY TF M15 TP = 1.9431On the M15 chart the trend started on Aug. 29 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 1.9431
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
GBPAUD longHere is why:
- The 3 month is definitely showing signs of bullish momentum, but it is a large timeframe to base intraday trades off of.
- The daily is showing signs of bullish momentum. First, the previous higher high was broken and the next targets are 1. 9600.
- However, orders were not enough to take price to its next target. Hence, we saw price on Wednesday and Thursday last week going to collect orders at 1.9350 which is a major region.
- There is a three pin pattern as well on the daily, which shows me that price will definitely go higher.
- I am expecting for price to collect orders at 1.9350 again before exploding upwards. Or atleast form a bullish setup.
- For now, I am sitting on my hands as I wait for price to form a bullish pattern on the 4 hour timeframe and then I will look at lower timeframes to buy
gbpaud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPAUD - Look for Continuation Long (SWING) 1:3!Price has successfully created a new high in the LTF, forming a solid bullish market structure. This is evident in the HTF as well, where the price is rejecting the Monthly RBS and is on its way to the next resistance (supply zone).
Avoid chasing the market—only execute if the price reaches the Demand Zone. Let's see how generous the market will be with this pair.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
