Gbpaudshort
GBPAUD, 4hr tf, holding below weekly resistance
We might finally see this pair drop as well. As you can see, there is a doji candle in the 4hr candle exactly below the resistance. This could be a turning point for GBPAUD.
As long as price hold below 1.8650, we could see GBPAUD going down for a correction.
I will try selling this pair once again.
Sell GBPAUD 1.8630
Stop loss 1.8700
Take profit 1.8420 (3R)
Use only 1-2% risk
Good luck
Trading Idea Regrading GBPAUD Currency Pair 7/18/2021Right Now ,GBPAUD Encountering Massive Resistance Leading Towards Two Possibilities
1 - It Break This Resistance and After Retest It Will Move Towards 1.89800 Level
2 - It Retest The Range top Which is 1.84697 Level and Then Head Towards Break Out Resistance level
GBPAUD, 4hr tf, broadening wedge pattern
I do respect the idea that GBPAUD might drop along with EURAUD. We're also near the horizontal weekly resistance right now.
If i draw a trend line connecting the low and high of GBPAUD recent movement. It will look like a broadening wedge pattern.
In terms of Elliott Wave, this is a broadening ending diagonal.
Sell GBPAUD 1.8610
Stop loss 1.8670
Take profit 1.8410 (3.3R)
Use only 1-2% risk
Good luck
GBPAUD Has Broken Below the Short Term Support
Welcome back Traders, Investors, and Community!
Hi Traders, GBPAUD on H4 has been running in the Bullish Channel, after the last rejection from the Resistance broke below the Short term Support and it might go lower however it could go up again for another retest before going down.
⬇️Sell now or Sell at 1.8584
⭕️SL @ 1.8656
✅TP1 @ 1.845
✅TP2 @ 1.8297
✅TP3 @ 1.8145
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
GBPAUD| SHORT| Areas of interestDaily Trend: SELL
LP Sentiment: 42%
Looking for a pull back into the Sell-side imbalance area for a move lower. I would deem this a counter trend trade against the liquidity provider order-flow, but the technicals are changing to a Selling bias.
Let’s see what the Australian Interest rates have to bring
Focus on seeing this setup happen in the London Session.
Don’t forget to follow us on tradingview
Happy Trading
Mr Ionic
GBPAUD | SHORT | Areas of InterestDaily Trend: SELL
LP Sentiment: 44%
Looking for a pull back into the Sell-side imbalance area for a move lower. I would deem this a counter trend trade againts the liquidity providor orderflow.
Focus on seeing this setup happen in the London Session.
Don’t forget to follow us on tradingview
Happy Trading
Mr Ionic
GBPAUD H1 Short Double-top forming on H4.
Price formed a H&S pattern on H1 before breaking through trend support.
On M15 price has retested the support and shown rejection.
Waiting for bearish engulfing and for double bottom to be broken as confirmation for entry.
SL placed at support of rightmost shoulder also at last swing high.
TPs placed at next support levels.