Gbpaudsignal
DeGRAM | GBPAUD double top & divergenceGBPAUD tested the psychological level at 1.7500 and created a double top with divergence.
The market is printing lower highs and higher low price is coiling up before expansion.
The trend is bearish , which is why we could see a massive bearish move from the confluence zone.
We expect a trend-continuation trade.
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GBPAUDIf you followed my analysis on GA last week, we took a short buy which got to our TP but as i said the overall trend on GBPAUD was a sell. The sell did happen at resistance level of 1.76229 around the 50% fib level but price got rejected again on the support level at 1.72596 and also bounced off my trendline (Third touch) which further confirms the change in price direction for a buy. I expect a push back up to 1.76229/1.77262 for a proper rejection before the main SELL happens!
Mind you, we also have to take into consideration of the upcoming fundamental news this week on AUD cash rate followed by RBA statement on Tuesday and GBP monetary policy and GDP coming up on Thursday and Friday respectively.
Trade recommendations: Look for a buy option around 1.73499
TP 1: 1.74910
TP 2: 1.76229
TP 3: 1.77262
Note: As always we react to what we see in the market!
#GBPAUD- BULLISH MOMENTUM UPTO 400 PIPSDear Traders, GBPAUD has been bearish as AUD and XAU have been bullish since long time due to DXY weakness, though we are expecting DXY reversal any time soon, we also think GBP will soon start strengthen.
Let's catch this big move.
Ideal Entry Would be now with stop loss below the previous low!!!
GBPAUDGA bounced off the demand zone of 1.73410 last week although i won't be surprised if price comes back there to form a double bottom on 4HR timeframe for a proper testing of the zone before the major move upwards to 1.74919 (TP 1) and 1.76357 which will be my final TP and also happens to be 50% FIB level.
The overall trend on GBPAUD is sell so the buy i'm taking is a retracement move which happens to be a short buy.
The weekly candlestick closed with bearish engulfing and as we all know that engulfing bar rule states that the next candlestick often gets to the 50% level of the previous candlestick hence why we taking the short buy.
GBPAUD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPAUD BUY So Basically We are In on GBPAUD, On a Longterm Buy Of 300 pips Plus.
So we are Waiting Patiently For A short Confirmation Before Making a Buy Moves.
Confirmation entry at the Blue line area Which is @1.76596 That’s the Buying area,
So let’s move on to the short before the Buy
GBPAUD SELL 129 pips
SL: 1.78331
TP: 1.76596
Then For our Major Buy which we are all Focusing on
GBPAUD BUY 300 pips plus
SL: 1.76029
TP: 1.79666
Good Luck Guys
If you Like this Analysis Please Drop a Comment thanks guys.
GBPAUD BUY So Basically We are In on GBPAUD, On a Longterm Buy Of 300 pips Plus.
So we are Waiting Patiently For A short Confirmation Before Making a Buy Moves.
Confirmation entry at the Blue line area Which is @1.76596 That’s the Buying area,
So let’s move on to the short before the Buy
GBPAUD SELL 129 pips
SL: 1.78331
TP: 1.76596
Then For our Major Buy which we are all Focusing on
GBPAUD BUY 300 pips plus
SL: 1.76029
TP: 1.79666
Good Luck Guys
If you Like this Analysis Please Drop a Comment thanks guys.
DeGRAM | GBPAUD at the psychological levelGBPAUD is currently trading between two range level.
Price rejected psychological level 1.7500 twice.
Price action printed a bullish harmonic pattern .
We expect a move up since the major support level is near on the higher timeframe .
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DeGRAM | GBPAUD trend continuation opportunityGBPAUD tested the psychological level at 1.7700 and went down.
The market is trading in the descending channel, indicating a bearish trend.
Price action created a double bottom after a massive bearish move.
We expect a trend continuation trade.
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DeGRAM | GBPAUD at the psychological levelGBPAUD tested the psychological level at 1.7700 and rebounded.
The market is printing an equal measured move AB=CD, where D completion is right at support level near the buy zone.
Price action created pinbar rejection candles.
We expect a short term pullback.
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DeGRAM | GBPAUD long opportunityGBPAUD is currently trading near the psychological level at 1.7700.
After breaking out of the ascending channel, the price fell.
The market is printing an equal measured move AB=CD, where D completion is right at support level .
We expect a short term pullback.
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GBPAUD Short Idea. Will this major doubletop brings GBPAUD down?GBPAUD has its uptrend going on for sometime now and it's currently at the retest zone of a major double top in the weekly/monthly timeframe. Since the monthly and weekly shows bearish structure, I believe the GBPAUD will begin to shift from short term uptrend to downtrend after the retest on the double top neckline. Daily timeframe shows a bearish engulfing candle as confirmation, rejecting the neckline zone.
Will look for Short opportunities when price pullback depending on which direction into the green zone / orange zone and continue heading lower to 1.77500 range (weekly support).
First time sharing my idea here. Usually I don't really share ideas on TradingView. Do let me know what's your idea/feedback if you have. Thanks for reading my idea.
DeGRAM | GBPAUD consolidationGBPAUD is consolidating between 1.82500 - 1.8000 zone.
The market failed to make a higher high and a higher close above the major resistance zone 1.82500.
We expect a further consolidation and test of the next support level .
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GBPAUD, waiting for buy action, around 600 pips to makeI expect drops near the lower limit of the designated channel.
Buy entry is around 1.79.
TP around 1.85 where there is resistance marked after the peaks on the weekly interval.
About 600 pips to gain.
P.S.
This is not financial advice of course, just my idea.
DeGRAM | GBPAUD at the psychological levelGBPAUD is currently trading between two levels.
Price rose from the support level and created a pinbar.
The market is printing an equal measured move AB=CD.
We expect a move up since the trend is bullish on the higher timeframes .
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