GBPAUD Short Trade Idea There was a short trade opportunity recently on the pound-aussie trading chart 📉 after price rejected the confluence of the 1.92279 horizontal resistance level and the upper line of the parallel channel.
This is indicated by the bearish harami candlestick pattern just below the same confluence; there's even a confirmation of a downward trend 📉 by the next bearish candle after the signal candle.
If the downward price momentum is strong enough, the next confluence of the next horizontal support and the lower line of the same parallel channel could be tested.
A reward-to-risk ratio of 3.15 is possible with this setup; you could target over 2700 pips in profit...
Apply risk management in your trading.
Good luck!
Gbpaudshort
SELL TRADE SETUP ON GBPAUDHey Traders,
Check this sell opportunity on GBPAUS, after the break of the lower band ascending channel.
Price went back up to retest and confluence with the previous OB / supply area.
After the break of the ABC pattern, a sell opportunity can be look for.
Alternatively, a break above the supply could mean more bullish movement
Stay close.
GBPAUD - Quick Analysis as on May 09, 2023This is the quick analysis of GBPAUD as on May 09, 2023 to plan your buy or sell trade setup. Use tight stop loss in both the scenarios. Do your own research before entering into the trade setup.
All major points can be seen on the chart itself
Thanks for your support
GBPAUD Short Setup 15min TFGBPAUD: Price to retest support before a push to the downside.
-10 EMA to cross 20 EMA to the downside.
- Price to test 100 EMA on the 1H timeframe.
RSI: The RSI indicator to cross Simple Moving Average to the downside. on the 15m and 30m timeframe.
MACD: EMA crossover to the downside on the 15m and 30m timeframe.
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and to take liquidity below equal lows and then to reject from bullish order block.
Fundamental analysis: Next week on Wednesday we have news on AUD, will be released quarterly and yearly CPI. Pay attention to the results in order to secure the trade.
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gbpaud short welcome
here is my gbpaud short idea
not easy to get an idea of what is more likely to happen
market is bullish on monthly tf, bearish on weekly and daily
may we see a test of lower price region of 1.8250, because price made a bullrun from the without testing
im thankful to see how this setup plays out
GBPAUD SHORT 4HR TF4H TF: 20EMA crossed the 50EMA to the downside and is currently testing the 100EMA.
Daily: RSI and MACD starting to look bearish
Weekly: I expect a retracement on the weekly TF to at least the 0.236 level, after a bullish run.
GA is still bullish on the monthly TF, so I'd keep an eye on that.
Happy trading!
gbpaud short welcome
here is my gbpaud short idea
its based on
market structure, market created 3 higher highs, which represents a bullish W
after creating bullish W, short is expected
market struggled massivly to close higher than last higher high and traded downwards
im thankful to see how this setup plays out
GBPAUDHello guys, We can see from past 3 months Gbpaud is moving in upward trend and it will continue its trend with small retracement but there is high probability that it will break its trend at 1.87804-1.89079 this level and than there will be really Good selling opportunity we can get more than 500 pips but remember wait for the sell confirmation once it give confirmation by closing H4 below than 1.87804 than you can Enter. If you have any question feel free to contact us
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: We have news events on GBP on Thursday 13th of April, will be released monthly GDP which is forecasted to be lower than previous month, this can support our retracement, as lower GDP means weakness of currency.
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GBPAUD Investment Plan - 30/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect GBPAUD to go Down anytime soon from the blue zone .
We will internally monitor the price action as the wave will progress.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.