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Gbpaudshort

GBP/AUD OUTLOOKThis is a closer look at my weekly analysis of the pair stating that we may see a sell for the following reasons (A link to the idea will be provided below) TECHNICALS the GBPAUD has once again come to the resisting trend line. price after breaking below has made its way back to retesting the supporting trendline. we are also nothing a strong daily resistance that price is respecting on lower time frames. The RSI has shown us price is now over bought meaning sellers may soon take over. ------------------------------------------------------------------------------------------------------ FUNDAMENTALS TUESDAY, JANUARY 11 00:01 GBP BRC Like-For-Like Retail Sales (YoY)(Dec) 00:30 AUD Exports (MoM)(Nov) AUD Imports (MoM)(Nov) AUD Retail Sales s.a. (MoM)(Nov) AUD Trade Balance (MoM)(Nov ------------------------------------------------------------------------------------------------------- SOUTH AFRICAN FUNDAMENTAL RELEASE TIMES (CAT) TUESDAY, JANUARY 11 02:01 GBP BRC Like-For-Like Retail Sales (YoY)(Dec) 02:30 AUD Exports (MoM)(Nov) AUD Imports (MoM)(Nov) AUD Retail Sales s.a. (MoM)(Nov) AUD Trade Balance (MoM)(Nov)
Short
by LUNGU_FX
2
GBPAUD overbought at Supply ZoneGBPAUD is has had a very strong run up to a significant level that has acted as an area of supply since August, with price only briefly breaking above this area once before quickly driving back down below it. RSI is overbought (>70) on the 12H, 6H and 2H charts and but has just had it's first sign of rejection out of this area. Expect price to see a correction back down towards the rising trend line as a short term reversal shouldn't see much support until the 1.86800 area. Alternatively, if this impulse continues and price breaks through this Supply Zone, we could expect price to push up to test the next key level around 1.91000 - 1.91600, at which point price will be further extended and would be primed for a short term reversal.
Short
by HayeTrading
7
GBPAUD: Its a TRAP!🎯Many assume that more touches of resistance make it stronger, this is far from the truth. Since the resistance is so weak, I would like to see the zone breached. BUT first, we must trap the sellers by breaking the trendline. Once they have been lured in we can consider buying up into the main supply. 😍 Traders, if you have your own opinion about this idea, write in the comments section, I always reply. RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
17
GBPAUD Overview week commencing on the 13th Dec. 2021Weekly chart - closed strong bearish engulfing 2 weekly candles. Could still some bearish for this week. Daily Chart - broke minor level of support came back around the area of previous resistance and rejected (could we come lower or potentially start raging?) Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support. H4 Chart - Previous level of support broken and being retested a potential resistance now, in line with 38.2% Fib level. 30m Chart - ABC corrective (just reach TP level and new level of resistance established), 2 approaches can be taken: Aggressive approach: if a double top scenario happens then short at the double top! Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting Follow up as the week goes on....
Short
by Inacio_1998
GBPAUD short potential for the weekAs we open the week following the bearish weekly last week, we can see we are nearing the red supply zone. The purple line there indicated a imbalance from the weekly TF. Today being Monday i can expect the price to be moving in the opposite direction that it intends to from the rest of the week. If the red zone rejects, we can see ourselves pushing all the way back down into 1.83000 for the week. However if broken we can continue back into the highs.
Short
by opes_trading_group