Gbpaudsell
GBPAUD - (Continuation) SHORT; (re)SELL it here!Been short this what seems like forever (and making lots of money!!) with still miles and miles to go - down!
This is easily the 2nd best trade (Short) of 2021.
Here is the long term picture;
GBP/AUDAs for Eur / Aud and for GBP / AUD we have a nice setup, although we would not be in too much of a hurry to enter the buy position for this pair. It is smarter to set up a much safer sell.
GBPAUD shortAs we can see the Pair is in a longterm downward trend and is now approaching a key level (1.77500) nearing its longterm downwards trend line. I will be looking to short this pair down to its key support at 1.76000
Price also at the top of its rising wedge
GBPAUD W3 Jan 2021GBPAUD
Short Setup
After the recent rally from a harmonic pattern setup, we could see price has made a resistance at the 50.0% Fibonacci Retracement Level. This double top could push price downwards
GBPAUD Trendline TestAs we can see market is following Trendline (Since 1-12-2020) And now now create a bearish engulfing candle stick pattern which confirm a bearish movemnet.
GBPAUD--- Weekly Planning- Update LiveDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
GBPAUD SELL IDEAHi Traders,
On the following confluences I like to Sell this pair.
1. Down trend.
2. Key Level (S/R zone)
3. Supply Zone
4. Bearish Pin Bar as price rejection and downward signal.
Good Luck
GBPAUD - Global trend down Preconditions:
- Large Accumulation.
- global trend down
- local trend down
- The downward movement will continue.
Push like if you think this is a useful idea!
Thanks for your support!
GBPAUD YOOO LET'S EAT ALL THE PIPS GBPAUD price is reject the strong level of support , GGBPAUD will go long
GBPAUD, 4hr tf, sell on retest of potential reversal zoneHello everyone,
GBPAUD pairs gonna be my 3rd trading plan for next week.
This pair trading plan gonna be like GBPNZD.
Both of it aiming for a potential downward movement to fill the gap.
This gap have now been left open for 2 weeks.
It is not fully closed yet and i think we could see it sooner or later.
The best place to enter sell will be arond 1.7900-1.7920 because it has acted as resistane for 2 times.
I am waiting or price to test it once again and enter sell with a pending sell limit order.
Sell limit GBPAUD 1.7900
Stop loss 1.7960
Take profit 1.7570 (5.5R)
RR Ratio 1 : 5.5
Use only 1-2% risk
Good luck
GA Will more down for BREXIT IssuesGBPAUD will more down, perhaps it'll support @1.7210 Range. Than it will be long. And after this support level its a pure Bullish Butterfly Pattern
POTENTIAL FOR GBPAUD TO FURTHER MOVE BEARISH We saw price break bearish today and recently found support from which we moved bullish , price is now showing great potential to further break bearish once it re-tests the marked region , price potentially going to slow down and reject from this zone and this is what i'll be looking for.
GBPAUD, daily tf, sell the bearish pinbar candleHello my friends,
I found something interesting with GBPAUD pairs.
As you can see, friday candle close was very interesting.
After shooting up for 150 during Asia and European session , it closed significantly lower erasing all the gain during American session.
The result of Friday movement is the daily candle became a bearish pinbar candle.
I would say this mean sellers really step up and controlling this pair right now.
We will aim to sell this pair for next week.
For this trade setup we will wait for some retracement before entering sell.
The best area to sell will be around 1.8175 because there is a horizontal resistance level here.
Sell GBPAUD 1.8175
Stop loss 1.8225
Take profit 1.7875 (6R)
RR ratio 1 : 6
Use only 1-2% risk
Good luck
GBPAUD, 4hr tf, channel elliott wave analysisHello my friends,
I spotted a good setup on GBPAUD and i think it is worth to try taking it.
This is a 5.5R trade setup which rarely come so we will try to capitalize it.
As you can see price moving inside a parallell channel and we could try counting each movement with Elliott Wave counts.
The movement respecting elliott waves count as clear as sky.
We are now finishing wave-4 and could start to continue going down along with wave-5.
We will use wave-1 as our invalidation because the rule of wave-4 is it will never touche wave-1 area.
Sell GBPAUD 1.8190
Stop loss 1.8230
Take profit 1.7970 (5.5R)
RR ratio 1 : 5.5
USe only 1-2% risk
Good luck
GBPAUD Short / Indications of weaker GBP this morningWe are short on GBPAUD
There are many good reasons for that, from price action, lower high, Fibonacci retracement and general candles.
The reward over risk is 4.4
GBPAUD W1 DEC 2020GBPAUD
Short Setup
Another view on GBPAUD using Elliot Wave Theory:
1. Price is making a major 5-3-5 (ABC) move down
2. Recently price is making its final C wave downwards, and this consists of a 5 move impulse wave.
3. Setup will be invalidated if price where to break Wave ii.
GBPAUD W4 NOV 2020GBPAUD
Short Setup
Price broken out of a trendline previously and has retraced to a 61.8% level. multiple rejections can be seen off the zones.
GBPAUD, 4hr tf, SHS pattern to materializeHello my friends,
On Monday, I got 5 positions hit SL again consecutively so i took 3 days off from trading to calm my mind.
It is very important to calm your mind instead of doing revenge trade and get more losses.
Today, i found a nice setup on GBPAUD.
There is a SHS pattern formed and i think price already broken below the neckline on lower time frame.
This necklne also located near the horizontal level which i have marked, so this support now become a resistance and an area of confluences as well.
Also if i do a wave count using Elliott Wave, we are now on wave-5 to the downside so sell positions will be favorable.
Sell GBPAUD 1.8175
Stop loss 1.8230
Take profit 1.7980 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
