Gbpaudshort
GBPAUD: Very long period short on Monthly TFHi Traders,
This is my view on this cross for the next months
#GBPAUD
SELL 1.78
SL 1.86
TP 1.45
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
GBPAUD FLIPPED BIAS : SHORT !After about four months of GBPAUD rebound from the last dip of December 2020, GA struggled continuosly with weak price action to gain bullish momentum but was able to pull price up from December lows of 1.7400. GA was quite bullish for a while and technical analysis was indicating bulls could move price into 1.85 highs but this was cut short last week when price massively rejected 1.82900 resistance and started to dump back below.
Looking Forward to the coming weeks ahead, I expect the start of a downtrend/bearish continuation from a longterm perspective for GA. Currently on the chart, price is sitting at 1.79 which holds some massive support strength, if this zone is broken and price slides i see GBPAUD going back into 1.75600 level as a predicition.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
GBP/AUD Finally Closed Below Up Trend Line And Short Trade ReadyFx_Elite_Support,
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
💡Don't miss the great sell opportunity in GBPAUDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.9672).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 1.7924
TP2= @ 0.9525
TP3= @ 1.7684
TP4= @ 1.7587
TP5= @ 1.7408
SL: Break Above R2
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GBPAUD SHORTING OPPORTUNITYI am looking at GBPAUD in this coming week with the focus to take a shorting opportunity on the pair.
I am looking at the levels of 1.76855.
I am looking to trade this setup at market conditions, price and at the bell.
Let us see how things pan out in the coming days.
PSA: This is not trading advice. This is not a signal. This is my setup and any trader taking this trade from my setup is doing so at their own volution.
GBPAUD - Bearish BiasGBP - BEARISH
1️⃣ Sterling sank on Wednesday as profit-taking by traders after a strong first quarter for the British currency pulled it to a week's low against the dollar and its lowest in two weeks against the euro.
2️⃣ Market participants still expected limited losses for the pound. Some also cite seasonal factors such as the end of the tax year in Britain, for expectations that it will appreciate.
AUD - BULLISH
1️⃣ Risk sentiment was fuelled after the International Monetary Fund upgraded its global growth forecast.
2️⃣ The RBA held the cash rate target at a record low 0.1%, kept the size of its A$200 billion bond-buying program, signaling it is prepared to buy further bonds to help lower the jobless rate and spur wage growth.
3️⃣ The Australian Industry Group Performance of Construction Index jumped to a record high of 61.8 in March of in a sign of confidence that the country’s economy is on its path to a roaring rebound, while the IHS Markit Flash Australia Services Index was revised lower to 55.5 in March, signaling a further expansion in activity and new business.
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Technical
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We are selling the GBPAUD below SBR + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.