GBPAUD ready to shortDouble Top on #GBPAUD h4.
If confirmed we can short it.
Entry 1.975
SL 1.981
TP 1.92
Gbpaudsell
GBPAUD Bears Set To Overtake After 4 Years of Correction.GBPAUD is bearish against the decline that started in August 2015. The decline can be seen as a five-wave Elliot Wave impulse structure, labeled 1-2-3-4-5.
According to Elliot Wave theory, a three-wave correction follows every impulse move.
In GBPAUD's case, since the completion of the decline in 2016, it has been a tug-of-war between the bulls and bears in the corrective phase. The correction is a complex one which is labeled as W-X-Y-X-Z double three corrections.
Once the correction is completed the primary trend resumes.
If this count is correct the correction is completed and we have a 5-3 wave cycle. We should see a massive decline in wave (C) to complete the Zigzag pattern, target below wave (A) low is plausible.
Further Confluence
Rejection from 61.8 Fib
Rejection of monthly 200 EMA not on the chart
Multiple rejections from the upper trend line
A perfect flag pattern
What's your thought on GBPAUD?
GBPAUD- Daily we have a huge exhaustion making buyers lose momentum for seller to push it down
- 4HR we have rejections
- Now we look to sell above 1.97329
GBPAUD 300+ pips profit setupthe price can break either side but wait for successful breakout. Great profit expected from this trade
GBPAUD - Short ScalpGBPAUD showing signs of major weakness. We can see BMS which indicates further downside. Don't think support will hold here, good chance we hit sellside liquidity as shown in the chart's target area.
GBPAUD SHORT quick day trade, im already in this trade from market opening but if it does come back to the zone of interest, then look for rejection around the purple box region to take a short, down the the support zone given.
200 PIP GAIN 9/1 RR
GBPAUD- Daily we have a Buyers exhaustion with a Bearish engulfing formed
- 4HR we have broken support
- Also if you look on the 1Hr you can see a broken trend-line being tested
- Now we look for retracement to go short or even Long
GBPAUD wait for short, againWave pattern confirmed on #GBPAUD.
We have to wait for the retracement on 1.964 to short it again.
Entry: 1.964
SL: 1.978
TP: 1.90
GBPAUD SELLGA looking like a nice sell setup, if you're not in this already look for retest of the purple box area, and rejection on the 15 min time frame. Looking like a nice opportunity to sell around this area due to the fact it is rejecting the fib levels we look out for as well descending trend line and rejection of the EMA.
Take partial profits at the given levels.
200 pip gain 4/1 RR
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.91640 where it could potentially react off and up to 1st resistance at 1.94198.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Bearish movement aheadPrice pulled back from trendline resistance on weekly chart, don't expect the price to retest, the pair will move downwards due to brexit.
Continuation | GBPAUDWe look to short to a minor support and wait for the market to break or loose momentum
Continuation | GBPNZD- After a drop in the market, GBPNZD looks to continue to drop
- No valid reverse or loss of momentum at the moment as we look to enter on LH's for sells
Gambling a short on GBPAUDObviously, trading GBP pairs on these days will be very very dangerous because of the Brexit.
It's gamble ok, so we bet with a very low risk for a SHORT from 2.00 area.
SL: 2.010
TP: 1.9356
GBPAUD GBPAUD is going to do a retest to beat resistance but not for long it will fall and sell opportunity will be available
GBPAUD is Over boughtMarket is over bought now and tomorrow morning we have Brexit and I as per my view, UK Pound will badly go down. Keep using tight stop loss.
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
Watching GBPAUD really closely. I am favoring a big push to the downside soon, but feel before that will happened we will see GBPAUD push back up and reject off resistance at least one more time which would provide us with a good entry.
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
Looking really good. I feel we are going to see a bigger move to the downside soon. I feel we are going to see one more slight push back up into resistance before that happens. Keeping a very close eye on GBPAUD potential trade soon!
GBPAUD BEARISH TRADE IDEA UPDATEI projected a double zigzag In my previous analysis due to the nature of wave (a) of the correction. Fortunately, the confirmation level was not triggered and the market rally higher to complete a five-wave cycle in wave (c). The five-wave suggests that the whole correction is a simple zigzag pattern.
Price has made a deep correction that terminated at 78.6 Fib and the wave (c) also equal (a) within the blue zone. Price is expected to resume the bearish sell-off in wave 3 from or near this level while the invalidation zone remains intact.
Once the price breach the confirmation level, the invalidation level will be high at 78.6 Fib area.
What's your thought on GBPAUD?
GBP/AUD Counter-Trend Move GBP/AUD pair is likely to surge up on a larger time scale, however; we see a chance that a short-term move down might be in the books. As this is counter-trend (plus short term), we use tighter stop than usual.
Entry: 1.916
Stop: 1.922
Target: 1.906
Have a nice week! Follow for more!
