GBPAUD SELL IDEALooking to sell GBPAUD from sell area. Wait for reversal candle indication. Take profit (+30-50pips)
Gbpaudpattern
WIFE or FANCY WOMAN?Similar trade setup to my last post, We have a strong TL formed that keeps getting respected and price is at a key level.
So again this is another really good trade to keep your eye on to see if price breaks either our TL or respects it and breaks strong support, a break of either should produce explosive bullish or bearish movement.
This trade is like having a wife ( TL ) and a fancy woman ( Support ) on the side... you want to go with the TL ( wife ) as she has stood by you and respected you for along time but the support level looks tasty and you cant help but let your mind stray ;p
Always trade with caution and correct risk management.
GBPAUD - MORE DROP COMINGPlease share your thoughts and views on my analysis and don't forget to like it and share with others.
GbpAudJust publishing late:
This pair have been consolidating since last week, will not take this trade until it breaks out from it's consolidation period. However, I do expect price to breakout to the downside.
GBPAUD headed to 1.87500GBPAUD has arrived at support area and there can be seen that in the h4 candle that there is no momentum to the downside, hence i am seeing a good buy opportunity with an indication of an bullish engulf candle at my buy position .
GBPAUD Harmonic BAT Analysis and StrategyWe are predicting the Harmonic Bat Pattern to complete as shown on the 4 hr chart. Price action is showing a downward trend giving the pattern confirmation. Our strategy is to trade the 4th leg of the pattern and we will post updated with targets. FX:GBPAUD
GBPAUD Head and Shoulders Analysis and StrategyThe pair has completed a head and shoulders pattern, as you can see here on the 1 hour chart, which has signaled a move to the downside. Price action recently broke below the neck line, which now has become resistance, and price action is now testing that resistance level. We are currently predicting price action to continue to decline. FX:GBPAUD
400 PIPSWe can see 3 key levels on this pairing which took me seconds to spot on opening this chart.
The top resistance level you can see was hit many times exactly 1 year ago in March/April 2018 and look where price is currently at, it touched this level with a massive bullish candle which was followed by 2 days of bearish movement, this is no coincidence its where the banks set orders hence why price keeps respecting this level.
The 2nd and 3rd levels on our chart have also been used as key support and resistance levels courtesy of the banks ( cheers for consistently providing us with money making opportunities ) ;p
So what are we looking for with this trade? Long term we are looking for price to hit our 1.81947 target of around 150 pips then we will re evaluate the markets to see if this level will hold or break, if the level breaks we could see price push down to 1.79353 area which is 400 pips from current price with the potential to push down lower. We can see from the daily that price is currently in a downtrend so these levels might not hold which will be good for our analysis.
Trade with correct risk management!
GBPAUD Harmonic AB=CD Pattern Analysis and Strategy We see the formation and completion of this AB=CD harmonic pattern on the daily chart. Price action has also reached a major support zone at the completion of this pattern. We are currently long with take profits set on the green zones. FX:GBPAUD
GBPAUD Daily Harmonic Gartley Pattern Analysis and StrategyThe pair has completed a harmonic Gartley pattern on the daily chart at a key Fibonacci time zone. We are long with out take profits set at the green zone.
GBPAUD Harmonic BAT Analysis and StrategyThe pair has completed a harmonic bat pattern on the 1 hour chart which signaled us to buy the pair. Our take profit set at the green zone and we set a stop at the red zone. OANDA:GBPAUD
British Pound / Australian Dollar GBPAUDGBPAUD is following the above channel so time your entry right with your longs on a one hour time frame.
Also be prepared for a break in channel at some point, which will break to the downside.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes
BEAR with me Price is at a resistance level and we are expecting it to respect this level, now it isn't the strongest level in the world but over the weekend there has been a lot of uncertainty and negative news surrounding brexit, a big march with thousands of people protesting, MPs calling for May to step down as priminister and the growing possibility that we might leave the EU with no trade deal.
We are expecting a bearish market gap at opening tonight with a couple of days bearish movement, from where price is now to our green zone is a 200 pip move which we are expecting price to reach this week.
We are just going to have to BEAR with Brexit as we can see a lovely bearish week coming.
Please be careful if you are trading GBP pairings though, use correct risk management and a tight SL.
Great Opportunity #GBPAUD Let's take off!In this model we have several patterns-The first pattern was a Triple Bottom pattern as can be seen in the graph above the price responded accordingly and fell then the price stabilized in the price zone 1.57 now the pound is going out for another round and this time it seems that it will also cross the big resistance in the price area 1.63
The first stop will be at 1.60, if he will cross this resistance then the second station will be 1.63
Buy EUR/AUD:
Entry Price: 1.5945
Stop Loss:1.58
1 Take Profit: 1.60
2 Take Profit: 1.63
Double Delight FREE Money... Thank us later1.80551 area is acting as historically strong resistance and price is respecting a bearish trendline, At the moment price is touching both our trendline and resistance level so this is a strong sell, providing there is no market gap at open tonight.
If a market gap to the upside happens we will stay out of this trade and see how the market plays out tomorrow as it might retest these levels as support, but if price opens below our line and level then we will be jumping into a sell position head first.
GBPAUD DailyOne of my favorite Setups.
Right now, where we stand, stucture is complete. So, we can have a really big move to the downside. Otherwise, if we make a new high Ill have to re-look the stucture. But again, really nice Risk Reward
GBPAUD GARTLEY PATTERN IN DAILY CHARTSGBPAUD Potential GARTLEY pattern
NOTE: This is only a potential idea, we can not know whether the pair will reach our setup area
Technical levels on charts.
Bearish bat pattern on GBPAUDXABD Bearish bat pattern on GBPAUD, i think its time to short this pair... what do you think guys,
Please like and comment...
GBP/AUD 4H Chart: Bullish in short-termThe GBP/AUD exchange rate has been trading in a junior ascending channel pattern since the beginning of December. The surge began after the pair reversed from the lower boundary of a dominant ascending channel at 1.7218 on December 3.
The currency pair breached a resistance level formed by a traditional weekly pivot point at 1.7934 during the morning hours of Monday’s trading session.
Everything being equal, it is likely that the currency exchange rate will continue its upside momentum within this week. The potential upside target for the British Pound will be near the upper boundary of the junior ascending channel pattern at 1.8129.
