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Gbpaudlong

GBPAUD AnalysisHello Traders, Hope you are having an amazing week ! I am short biased on GBPAUD for the rest of the week, we are breaking impulsively and i expect further continuation to the downside. I have already taken a position earlier in asian session, hope to see a bit more correction so i can scale in another position. Wishing you a profitable week ahead! Disclaimer: this is not financial advice, charts we share should only be used for educational purposes ETGL Team 💛
Short
by Eleventgl
GBPAUD Analysis 1hr 5/2/2022Update: Been looking at this pair for a couple weeks and I think we are looking quite bearish now, several confluences suggesting this as well. firstly looking at the perfect rejection off of this big box of resistance, we haven't managed to break that high for weeks and last week it was broke but no candle close above just a wick. if you look at last weeks price action the move down after getting rejected was huge so a short seems to me like the perfect play here. we also made lower highs on the weekly so failed to break last weeks high. So waiting to test my small box just above price as resistance before moving to the downside. I would wait to see what price does at this level but if we get rejected on my closest box that is a carbon copy of last weeks price action only this time I think we look even weaker. again Monday could change everything so SL very tight if we break above Fridays high and the big resistance box with a confirmation candle I will be bullish. until then sticking with the bearish narrative.
by ryanc49
GBPAUD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/AUD TREND ANALYSIS We have 2 Downtrend in red color (Long Term and Internal Trend) We have 1Uptrend in green color (Long term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
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