Gbpaudshort
GBPAUD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. We can see that price filled perfectly the imbalance and rejected from bearish order block + institutional big figure 1.78000.
‼️Attention!!! Due to the fact that we have news event on AUD upcoming week, the analysis can be invalidated.
Like, comment and subscribe to be in touch with my content!
GBPAUDHi guys!"
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
GBP/AUD SHORt iT We are clearly still in a downtrend
Every attempt to cross the 1.75 level was unsuccessful(double top in 4H)
In the lower time frame, the Cup & Handle pattern is visible (low winrate)
Divergence in candles and volumes (also some other indicators like RSI and Acc).
if you need more confrmation, wait for cup&handle break
Good Luck
📌 Potential SELL setup for: GBP/AUD👩🏽💻Technical: Strong bearish bias on the monthly chart. Looking at the weekly chart, the price has been facing significant resistance due to multiple rejections of the weekly moving average of 50. On the daily chart, the current formation of a bearish engulfing candlestick is suggesting a potential price drop and a break below the daily moving average of 20 would confirm this trend. However, it's important to note that the price has not yet broken past the neckline of the M pattern on the 4-hour chart, which is necessary to fully confirm the bearish trend.
🎯 For an ideal entry: I suggest to wait for the price to break the neckline of the M pattern on the 4-hour chart and then push > exhaustion the previous area of sensitivity. A bearish candlestick closure, ideally a bearish engulfing or shooting star, would confirm the entry.
Selling GBPAUD RIGHT NOW!MY outlook for GBPNZD will still play, but I only take one trade at a time. So the GN play when it happens will be demo and for analysis only.
This structure is nice and a lot of GBP based pairs are showing big moves down. This has swept my level and an immediate bearish candle. Got in before the candle close on m15 I really like what I see...
Use proper risk
GBPAUD GBPAUD just made a third touch attempt on 1.75056 resistance area so let’s see how it pans out from here! Would’ve entered for a sell but GBP CPi data news comes up tomorrow morning by 8am so we have to be careful but right now it seems technical is kinda aligning with fundamentals.
We will enter the market once we see a bearish confirmation price action!
As always, we react to what we see in the market!
Trade safely guys.
GBP/AUD Running In 80 Pips 0 Drawdown , Very Important Update 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.
GBP/AUD Giving A Bearish P.A , Short Setup To Aggressive TradersThis 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.
GBPAUD: SELL OPPORTUNITY !!GBPAUD is trying to complete the ABCD pattern.
Price broke the support level of 1.747 and now going to retest.
This is a good trade opportunity to take.
Trade with care.
I will update at here if the trade opportunity is given.
Do follow and boost if you found this idea helps.