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Gbpaudlong

GBPAUD, daily tf, double bottom setupHello my friends, It has been long since my last trade ideas. I haven't found a satisfying setup to trade yet that's why i don't post anything in the last few weeks. Today i finally found a good setup to trade which is GBPAUD pairs. As you can see price making a possible double bottom pattern and price already broken above the neckline. At the same time, GBPAUD broken above the descending trendline which has served as resistance since October 2020. The measured objective of double bottom is around 500 pips. Don't expect price to reach our take profit in a quick way. It gonna be a bumpy ride to the upside as well because there is horizontal resistance level on the way up. Buy GBPAUD 1.7820 Stop loss 1.7700 Take profit 1.8240 (4.2R)
Long
by HayatoDragonFX
6
GBP/AUD Making Correction, Long Opportunity ComingThis has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish. Target is set at the previous high of 1.80159. This aligns with previous support so it is meeting resistance here. SL is just below 0.5 Fib
Long
by olly48
GBP/AUD LongAs we can all see, price is currently on a very clear bullish trend. Due to it's constant bullish momentum price has created a trend line which has been hit and rejected three times in these past couple of days. Currently, price is respecting the trend line once again while also creating a very clear morning star (bullish signal) which is one out of the three confirmations that we need before entering a trade. Moreover now that we are trading in the 1h chart we need to look at the 15m MA (moving average) crossover which in this case it is 1 pip away from happening. In conclusion, all these signals 1. rejection of the trend line, 2. creation of the morning star and 3. the 15m MA crossover give us very strong probabilities for a move to the upside with our target for this trade being the 1.80000 resistance area. This was my analysis on GBP/AUD and I hope you like it, see you on the next one!
Long
by Andralex_11
GBPAUD facing bullish pressure, potential for further upside!Price continues to hold above the ascending trendline support and Ichimoku cloud, showing bullish pressure in line with our bullish bias. We could potentially see a bounce at our ascending trendline support and 1st support at 1.79300, in line with our 61.8% Fibonacci retracement and 78.6% Fibonacci extension, and a further push up towards our 1st resistance level at 1.80156, in line with our 50% Fibonacci extension and horizontal swing high resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
GBPAUD: Following the ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/AUD ⚪ Technical Analysis : Since the beginning of January 2021, the price has been moving with a strong uptrend, following an interesting ascending channel and few bounces on its dynamic support are an extra confirmation of the validity of that pattern. It has currently reached its dynamic resistance line and the next price action will be essential to understand the next market movement. 🔴 Conclusion : I believe there is a good chance to see the price rising until the main resistance zone at about 1.79000 but as a trend follower I won't open any long position right now because the price is just around its dynamic resistance line. I'll be waiting for the price reaching its dynamic support and I'll open my next long position once I'll get a proper rejection on that area. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10
GBP/AUD BUYThe price has been in a downtrend since October 2020 (Red trend line) and I'm expecting to catch the retracement move. I can see that the price is in an uptrend since January 6th respecting the blue trend line and has reached a major resistance level. I expect the price to fall back to the trend line, then expect it to continue the uptrend breaking the resistance until it reaches the downward Red trend line reversing the trend, indicating that the uptrend (retracement) has stopped.
Long
by wookyu2001
2