Gbpaudlong
Year long Forecast for GBPAUDWait for the levels.
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GBPAUD (H4): LONG NOW on this TRENDLINE SUPPORT Rejection!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
The GBPAUD is finally giving us a nice Long Opportunity! before to continue reading the details and description, have a quick look on my previous daily technical analysis to understand the reasons I think the market is starting a new uptrend!
You could check it out on the "Link to Related Ideas" or clicking the link here below:
Let's focus now on the area that interests us:
The price started following an ascending channel, getting a perfect rejection on the trendline support, this could be an interesting opportunity to entry long until the price will reach the next resistance zone!
Here below the details about this trade:
ENTRY POINT: 1.77660
TAKE PROFIT: 1.79337
STOP LOSS: 1.76362
RISK/REWARD RATIO: 1.5
Trade Safe and Responsibly
Gianni
GBPAUD Set To Enjoy Massive Bull RunCompliments of the season traders! <3
Here is a long-term GBPAUD chart to start the new trading year.
GBPAUD started a corrective phase after a five-wave massive decline. In this analysis, I focus on the corrective pattern that's unfolding from September low.
Price seems to be making a possible 3-3-5 flat corrective pattern on the daily chart. If this count is correct, a rally back to at least wave (a) high to complete wave (c) is plausible in the months ahead.
Price has made a double failure swing reversal pattern, I love to see it. The breach of the 1.79304 green line will actually confirm the anticipated rally has started. In the short-term, we can use the closer green level (1.77955) for aggressive entry. The breach of red level (1.75931) will invalidate the setup.
What's your view on GBPAUD? Let me know in the comment.
I wish y'all a favorable and profitable trading year!
Best,
Veejahbee.
GBP AUD - inefficiencies 1,2The Aussie is gaining further traction - GBP has further downside positional power looking down to the below zones;
1. Zone 1: -
we will be looking at a test of the order block, movement away to keep shorts flowing to keep the imbalance moving towards the zone of a 1.72 redistribution, liquidity to show bears further short options before the lows.
From here we will expect a spring and a test of said springs.
A rejection will occur and then see accumulation phase of price hitting the target on the AUD USD with bullish Aussie.
2. Exactly the same but making further gains moving down to 1.67-1.60 which will be the development.
We volume will be a key indicator here to see the set up of the buy/sell swaps.
A large break of structure will occur - taking out the equal highs.
These are our Points of interests.
Now the trend is moving, looking to see a weak dollar maintained in 2021 so this will be great for the Aussie, affecting the GBP also which has also been seeing a volatile state - however Growing against JPY, USD, but against the CAD, AUD, NZD is now seeing large flows creating ranges to accumulate account growth depending on signs of movement.
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GBPAUD - Small PushWe could expect some upside here now that the structure zone has been purged. I wouldnt expect a huge bullish rally but enough to make a good earning.
GBPAUD (Daily) LONG IDEA: a NEW upcoming UPTREND!POTENTIAL PROFIT: UP TO 300 PIPS
TECHNICAL ANALYSIS:
-Since the beginning of April 2020, the price has been following a long downtrend, until the end of June, where the price bounced twice on an important weekly support zone.
-The second rejection moved the price up over the ema 50, starting a new side trend around a secondary S/R Level at about 1.80558.
-The 14th of December, the price retested the support zone, a long shadow on the last downbar showed a sign of weakness to continue the same trend, in fact the price is now moving with a new uptrend.
CONCLUSION:
-The price is actually bouncing on a new trendline support and I aspect it to move up until at least the secondary S/R level.
Before to open any position, I suggest to wait the retest of the trendine support and be "sure" that the price action confirm the new uptrend.
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GBPAUD - Price PurgePrice pierced through the key structure level and instantly reversed showing that liquidity was there, I now expect price to continue further down into the target zone marked.
GBPAUD- Weekly AnalysisLast week GA was bullish, and i'm thinking the trend will continue this week following the new Brexit deal. Before the end of last week price created a new high, and it looks like price could just be retracing before another push to the upside. We're definitely prepared for whatever happens, but for now we will follow the trend and see what confluences price gives us before the start of London session. Right now on the 15 minute time-frame price is just consolidating so i'm going to wait for a break of structure and execute. Stay tuned for updates on my GA setup
GBPAUD BuyHigh Possibility of an emerging ascending triangle pattern. Plus, the crossed down and up LOWER Bollinger Band. The price is expected to oscillate within the triangle trend lines and then break out and start rising towards the SUPPLY ZONE.
GBPAUD goes LONG and LIQUIDITY GRAB CONCEPT HAPPENING HEREHere we can see the market have formed a W (Double bottom) , a reversal pattern. My prediction is This market gonna go long at least to grab those equals hights ( concept of liquidy grab). We can set our TP on those hights. www.tradingview.com
GBPAUD BUY Strong resistance and support zone. My volume bar identified my mid zone. Ill take my trade on 1.78221. Paper trading is at own risk!
Demand Zone For GBPAUD...UPWARD potential!!!As we can see, GBPAUD has failed to breakout of this supply zone with BULLISH momentum losing its strength as it heads towards this demand zone. For now, I will be expecting a rejection from this demand zone with a BULLISH movement potentially breaking the resistance level @1.7872. Price have yet to breakout of this resistance level but I will be expecting a breakout of this level if BULLISH movement takeover from here. With that, we will see a BULLISH movement to test the supply zone. A breakout from this demand zone will give us a HUGE potential for a BULLISH continuation.
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