GBPAUD AnalysisHello Traders,
Hope you are having an amazing week !
I am short biased on GBPAUD for the rest of the week, we are breaking impulsively and i expect further continuation to the downside.
I have already taken a position earlier in asian session, hope to see a bit more correction so i can scale in another position.
Wishing you a profitable week ahead!
Disclaimer: this is not financial advice, charts we share should only be used for educational purposes
ETGL Team 💛
Gbpaudshort
GBPAUD: Supply Ready 🚨My analysis suggests a strong bearish drop. Will we begin to see bearish pressure from this zone or will it attack the supply I have marked?
Whatever happens, I expect a strong sell-off in and around this area. Good luck traders!
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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Bearish Price Action still in development.Hi Traders,
GBPAUD recently created a double top within a corrective structure which gives us a bearish view on this pair. As we haven't gotten a breakout from this channel, price could retest the upper boundary before dropping.
Looking for further development before taking a short.
Please support me by commenting and share your view on this pair.
Click the like button if you agree!
Trade safe!
GBPAUD Forming a double top GBPAUD appears to be attempting to complete a double top.
As long as no candle closes above 1.99245 this trade remains valid.
I am still new to forex trading so personally I will be holding off till the confirmation of a double top before entering this trade. Hopefully some experienced traders can weigh in with their thoughts.
GBPAUD A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 1,8900 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
GBPAUD is in Downtrend and It is Expected to Continue Downtrend.
GBPAUD Analysis 1hr 5/2/2022Update:
Been looking at this pair for a couple weeks and I think we are looking quite bearish now, several confluences suggesting this as well. firstly looking at the perfect rejection off of this big box of resistance, we haven't managed to break that high for weeks and last week it was broke but no candle close above just a wick.
if you look at last weeks price action the move down after getting rejected was huge so a short seems to me like the perfect play here.
we also made lower highs on the weekly so failed to break last weeks high.
So waiting to test my small box just above price as resistance before moving to the downside. I would wait to see what price does at this level but if we get rejected on my closest box that is a carbon copy of last weeks price action only this time I think we look even weaker. again Monday could change everything so SL very tight if we break above Fridays high and the big resistance box with a confirmation candle I will be bullish. until then sticking with the bearish narrative.
GBPAUDClassic AMD Trade / Asian - London - NY
Old High Taken (Last Years High)
We Have A ACCUMULATION (A) BOX, Which Is Also Our Asian Boc
We Had Price Selling A Bit Forming Our MANIPULATION (M) / London Open Rally
Whilst Forming A MANIPULATION, It Filled The Liquidity Void
Filled In The Bearish Order Block
Formed HTF Divergence
PD Arrays Checklist
Old High Taken ✔️
Imbalance ✔️
Bearish Orderblock ✔️
Breaker Block (In Progress
Mitigation Block (In Progress)
Type Of Trade
Reversal AMD Trade
Discount PD Arrays Active
Divergence Reversal
ID50 London
Turtle Soup Short (TSS)
My Expectation
Price To Start The Distribute Downwards(NYO/ NFP)
Price To Mitigate On The Order Block
Price To Fill The Liquidity Void Below
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