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.
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Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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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
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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