GBPAUD Market Outlook | Daily Forex Market BreakdownHello traders, please LIKE & FOLLOW, thank you!
GBPAUD is looking amazing. We pushed lower as we previously called in the last market breakdown. Now what I would like to see is some wicks below current support taking out any traders that are looking to take longs right now. If we can wick below support and see some clean rejections I believe we could start climbing back to the upside. Keeping a very close eye on this pair for the time being.
Gbpaudsell
GBPAUD More likely SHORTWhat I see in this chart is quite interesting price bouncing nicely in nice bullish channel in weekly TF price touched resistance trend line which lets us to think about bearish signal as you can see price in playing around this area with some bearish pin bars with long bearish shadows, sellers getting stronger in this area, there is two possibility 1. price directly break support trend then pull back to make us enter this position or 2. price go to touch resistance again and make lower high and lower lows, then we can enter in lower highs. 3. there is highly possibility to price make lower high in about 2.0000 then continue to make lower low and lower high (I didn't put in my chart but still is possibility).
Lets which way price is going to choose ...
Just keep follow us, we will let you know where is the best to enter this setup.
Thank you
Good luck ( ;
GBPAUD SHORTas you can see gbpaud is currently in an uptrend
however i expect price to break the current uptrend then retest the trendline which will create a head and shoulder formation which is a reversal pattern.
if this happens, i then expect price to fall to the next support area which also is the 0.618 fib region.
GBPAUD TESTING LEVEL1.98509GBPAUD TESTING SUPPORT LEVEL 1.98509 , THE POUND HAS DECLINED BY ALMOST 5% AGAINST THE AUSTRALIAN DOLLAR RETESTING THE ASCENDING CHANNEL PATTEN ON TUESDAY....
SO I'M HOPING FOR A CONTINUATION IN THE DOWNWARD TREND FROM HERE ON BUT AS ALWAYS ANYTHING CAN HAPPEN... IF THE ASCENDING CHANNEL HOLDS THE PAIR COULD TRADE HIGHER BUT FOR NOW HOLD ON THE PAIR, IF YOU HAVENT ENETERED THE TRADE LOOK FOR ENTRIES BEARISH ENTRIES UNTIL WE SEE A SHIFT TO THE BULLS
GBPAUD CLOSE ORDER AFTER SEEING PROFIT, DON'T BE GREEDYHI, TRADERS
MY NAME IS KD
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
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GBPAUD SHORT! 4HRThis is a continuation from previous Daily Idea of this pair.
At the moment, price has respected and fallen short of all-time trendline and price 2.03477.
Next is to watch for price to trade:
-below of top of rectangle
- and to trade below its current supports marked in green and orange.
Upside break of trendline will have upside targets activated ie 2.10621 and 2.19188
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
GBPAUD - SWING - 31. MAR. 2020Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Strongly waving market broke back into bearish shortterm trend.
4 HOUR
Sellers / Buyers indecision, great market to short at highs and buy at lows.
DAILY
Watch out for wicks taking out several holders, good short entries !
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FOREX SWING
SELL GBPAUD
ENTRY LEVEL @ 2.00640
SL @ 2.03100
TP @ 1.96120
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
GBPAUD is still stuck in consolidation. I believe we're going to be seeing some very move moves soon. We have to be extra cautious because we could see fake outs, but right now nothing for us yet. Like I said GA is just stuck in consolidation right now and we need to let it play out! Patience will be absolutely key!
GBPAUD SHORT! Price Is At All-Time Target and Trendline This is overall overview of this pair.
Follow channel for more detail approach on Short opportunity.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
retesting 2.000 as previously anticipated in my last market breakdown. You have to make sure you respect these whole even numbers. 2.000 is a strong psychological key level that GBPAUD has been floating around for some time. Looking bullish for now but no trades for us just yet. GBPAUD is at a make it or break it level we need to sustain above 2.000 or we’re going to roll over back to the downside.