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Gbpaudshort

Bullish outlook on GBPAUD: 25 April 2022On the H1 time frame, prices are showing bullish order flow, with higher highs and higher lows being formed. A pullback to test the support at 1.75822, in line with the 127.2% Fibonacci extension, 78.6% fibonacci retracement and ascending trend line provide an opportunity to play the bounce to the next resistance target at 1.79551, in line with the 200% Fibonacci extension and 78.6% Fibonacci retracement. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Long
by OrtegaCapital
GBPAUD | Follow-up detailsA follow-up detail on the GBPAUD that was published earlier this week (see link below for reference purposes) where we locked in around 70pips before price action took us out. Now we are at a very critical level (1.76) where a breakout of this zone (supply area) might incite a bullish continuation. However, considering the long-term bearish momentum on the higher timeframe, I am of the opinion that the price needs one more bearish move before buyers finally garner the strength to push the price to the upside. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
8
GBPAUD | perspective for the new weekDespite the obvious, that price action is currently sitting on a strong demand zone; I shall be looking for an opportunity to sell the Pound against the Aussie in the meantime if the price does not break out of the structure explained in the video. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2