GBPAUD will crush soon!U.K inflation is very high!
it was expected overall as the global economy is not performing good at all and Europe is facing also the energy crisis. Inflation created from the covid pandemic and now rush invasion to Ukraine!
The Inflation data today showed not to be so good and the price is still increasing! So, Pound should be nutrual; and tomorrow will publish AUD employment data. So, if AUD data will positive than surely my anticipation will work!
Who’re new in trading pls follow these 6 rules for trading success!
1. SEE THE FUNDAMENTAL FACTOR.
2. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE!
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. AND MUST CHECK THE DIVERGENCE.
Remember, there is no place for luck in trading - only strategy!
Good Luck!
Gbpaudsell
GBPAUD wil crush soon!U.K inflation is very high!
it was expected overall as the global economy is not performing good at all and Europe is facing also the energy crisis. Inflation created from the covid pandemic and now rush invasion to Ukraine!
The Inflation data today showed not to be so good and the price is still increasing! So, Pound should be nutrual; and tomorrow will publish AUD employment data. So, if AUD data will positive than surely my anticipation will work!
Who’re new in trading pls follow these 6 rules for trading success!
1. SEE THE FUNDAMENTAL FACTOR.
2. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE!
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. AND MUST CHECK THE DIVERGENCE.
Good Luck!
GBPAUD sell!!GBPAUD has been trading within the confines of the resistance zone of 1.78501 and support zone of 1.71832 since April 2022 . Despite numerous speculations that the pair might break through the resistance of 1.78501 and move up higher , the price recently has been giving signs that its not yet ready for an upward move. We can also observe an Evening star candlestick pattern on daily chart ! price is currently testing the Resistance zone again , only to fall down all the way to the Support zone as mentioned above ! My final Target remains 1.71832 !!
GBP/AUD - SellMonthly:
1. Impulse
2. Complex correction
3. Break of correction with new impulse
Now the price is make correction and is very possible to see 3rd touch of trendline.
If 3rd touch happend with nice bearish candle I will sell.
Weekly:
1. Last week the price close like Doji candle
2. Break of neckline without pullback for test
Expect a little down drop.
How to predict to where the price will drop?
Well if I add fibonacci from the high to the low where 38.20% Fibonacci level will align with the neckline I can understand. 0.00% Fibonacci level align perfectly with lower low in the past from where the price is jump to the upside.
Daily:
1. Impulse
2. Double bottom formation / not completed for now/
Double bottom formation is trend reversal pattern.
4H:
1. Impulse
2. Complex correction
3. Break of correction with new impulse
Now the price is make correction and is very possible to see 3rd touch of trendline.
If 3rd touch happend with nice bearish candle I will sell.
GBP/AUD 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/AUD
GBP/AUD It has broke through structure I am waiting for a pull back in to order block zone for retest of area, I am looking to take a sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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GBP/AUD Short Setup After Daily Closure Below Trend Line !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Wait for CAB entry to validate a SELL opportunity Hi Traders,
GBPAUD has been shaping up to give us a breakout and a possible CAB entry for a short position. Pride is approaching the bottom boundary from making a double top and impulsively pushing down.
Looking for a impulse breakout followed by correction before entry will be taken.
What's your view on this pair ?? Comment below and let's talk about it.
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