Gbpaudlong
GBPAUD Technical Analysis & Trade IdeaTaking a look at the #GBPAUD at the moment.. we have a pull-back into support, overall bullish trend on the HTF and I'm looking for a potential buy opportunity. In the video I give you my ideas, how I'm seeing the charts from a technical analysis standpoint, and how I'm approaching this for a potential long. Not financial advice.
GBPAUD, Are you ready to take in sell position ???Hello everybody
We backed with another analysis of GBPAUD this is one of the most technicalish chart between currency pairs.
According to the chart and preiovus serial analysis, we shown on chart that we are in downward trend and according to the trend we should take sell position and now the price is exactly in resistance zone and its ready to take short position and put stop loss like we put and put your targets and wait until the target reach.
Please do risk free your position and manage it until the market reach to the all of the targets.
We will update more targets after these 3 tp will reach.
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Good Luck
Abtin
Previous analysis :
GBPAUD SHORTS 📉📉📉📉 Expecting bearish price action on this chart as price taked out liquidity above weekly high 1.89800 and equal highs aka retail resistance, we have a nice bearish h4 closure and should go lower as the bearish momentum is increasing, my targets are around 1.87000
What do you think ? Comment below..
GBPAUD SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price made a failure swing high that means bulls are losing momentum and bears are gather momentum, price retraced back into premium area where a nice sell opportunity has been presented around 1.89500, we have a lot of bullish imbalances that will be filled this week perhaps.
What do you think ? Comment below..
GBPAUD about to break higher!I have a hard time playing a head and shoulder (inverted in this case) pattern without an "arm" to the left of the chart, but this pattern can't be ignored. The #GBPAUD is setting up a possible inverted head and shoulder pattern with a target at the 1.9600 level.
I tend not to trade these patterns, but the fact is that we had a triangle breakout back in May 2021, and this break higher over the last couple sessions look similar. A daily close above the 1.9000 level would be a big warning for bears and a move above the 1.9170 level would be a straight up breakout which you may not want to stand in front of.
GBPAUD: Its a TRAP!🎯Many assume that more touches of resistance make it stronger, this is far from the truth.
Since the resistance is so weak, I would like to see the zone breached.
BUT first, we must trap the sellers by breaking the trendline.
Once they have been lured in we can consider buying up into the main supply. 😍
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
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GBPAUD Ascending wedge, bullish breakDaily TF Ascending channel bounced from Ascending trendline.
In the 4Hr TF price again seems to be on ascending channel, which bounced from the bottom impulsively, but now is stuck in an ascending wedge on the 1Hr TF, looking for a break in price to the upside followed by a corrective move in the lower TF in order to get an entry.
SL bellow the LTF correction formation and TP at the last swing high...
However, trade must be managed, as always it should be, since as well that the last big impulsive move was done as bearish.