Gbpaudsetup
GBPAUD: Ascending Channel Pattern.Thanks for Taking Interested in my Trading Idea.
GBPAUD: Ascending Channel Pattern.
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Note: This is only for Educational purposes; this is not investment advice.
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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
GBAUD LONG GA LONG - this is a long term prediction. A big trade which you should only use a small slot size for and sit in this for at least 6 months maybe longer, look for rejection of the ascending trend line plus fib levels.
1200 PIP GAIN 6/1 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
Ascending Triangle | GBPAUD As long as out Major Support isn't broken we're looking for a break of the Triangle to go upward
GBPAUD- We see a broken Resistance tested with an Engulfing after a minor push
- Market forms a HL's so we could enter on next retrace
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.
GBPAUD 30MHello traders,
we have a short here for a pip count of +94/-94.
Entry short at the red price and target at the green
down below.
GBPAUD Analysis: Price much likely to go downHi traders,
GBPAUD has been on the rise and following an ascending channel which it has respected faithfully for a long time since November 2017.
It has now come to its top/resistance line. It is also at a strong horizontal resistance zone.
There is a high chance that price may bounce off towards the support line of the structure.
I would suggest you sell only when the price manage to break the support line of the minor channel that is within the major channel.
Share your views about this pair in the comment section. If you agree with the idea to show agreement.
GBPAUDGoing Short..Remember trading ideas in most cases tend to play out..use proper risk management..Trade smart and be Blessed
GBPAUD 30M Using Support and Resistance to plan targets.Hello Traders,
This provides some description on how to use S/R zones for targets,
along with the current trade I'm in now.
Best,
Jay
GBPAUD Set Up for a Massive DeclineGBPAUD is making a series of (i)-(ii), i - ii, wave pattern which usually leads to subsequent decline.
On the higher timeframe, price is sitting at a key resistance level that lined up with 50% Fibonacci retracement of the weekly decline.
Price has the potential to sell-off from or near the current level and should not breach at least the major invalidation level indicated on the chart to remain valid.
What's your thought about GBPAUD? Kindly let me know in the comment.
Thanks for reading!
Veejahbee.
GBPAUD 15MHello traders!
This is a Tag&Go setup long, a buy stop order,
set and forget style is right on the red line at
1.90301 (at this moment a market buy order)
The red circle is the stop and 1st and 2nd
targets are in green up high.
Best,
Jay
GBPAUD 240MHello traders!
In this trade we are going for 40 pips between lines C and D. There is also a
second target for 80 pips between lines C and E.
These trades can be taken with a sell stop order as a set&forget setup.
It`s recommended to position stop no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay
