Gbp/Aud update today with H1 time frame, a strong indication of Gbp/Aud update today with H1 time frame, a strong indication of selling pressure.
Looking at this H1 chart, there is a line of doji candles like the ones I marked as H on the chart, I see this candle as H1 resistance with the strengthening of the horizontal kumo cloud area (arrow) indicating that this cloud is strong support. With a 1:2 risk, I dared to make a decision to short this pair.
Gbpaudsignal
Gbp/Aud confirmation for bull candle. Ichimoku analysis on Gbp/Aud shows that there is strong support (in the blue box), where the push, kijun and kumo seem to form a flat line. Areas like this are usually strong areas. Seeing the ichimoku cloud is also starting to thicken for an early sign of buying influence. It's better to keep waiting for a bullish candle to confirm the entry of a strong buyer.
Gbp/Aud waiting for super momentumLooking at this chart, it is clear that the Gbp/Aud pair is ranging. Since the beginning of April until now, it has been 2 months Gbp/USD has not seen any movement that can penetrate this ranging box. This pair is my main concern. Looking at the length of time ranging, we can be sure that when a breakout occurs, the momentum will be extraordinary, we can join the momentum to get multiple profits.
GBPAUD | New perspective Despite the identification of a reversal pattern that supports a bullish momentum, I am thinking of taking a counter-trend opportunity as the current structure suggests that buyers are yet to find the momentum to break through the key level at the 1.776 area.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPAUD | Follow-up detailsThis is a follow-up detail on the publication shared during the weekend (see link below for reference purposes), and the price appears to be moving as expected as we are right at the area where we were expecting to do a temporary sell opportunity at 1.764... In the video, I have explained what my plans are going to be in taking advantage of the selling momentum if it finally happens.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPAUD | perspective for the new weekDespite the popular perspective that the Pound might be extending its downturn, we can not ignore the possibility of a bullish momentum considering the double rejection of the 1.72 area in the space of 3 weeks by the buyers. So, in this video, I explained in detail what our expectations could be going into the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPAUD | New perspective | folow-up detailsA follow-up detail on the GBPAUD that was published in the course of last week's trading session (see link below for reference purposes) as we closed with a minimum of 150profits move in our last trade, the retest of the neckline of the reversal structure we identified on the daily/4H time frame will be a bullish confirmation. Then it is most appropriate that we lookout for bullish momentum from this area (1.76000) in the near future.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPAUD | Follow-up detailsIt is very pertinent that we remain patient and conscious on this pair despite the high expectation of bullish momentum in the near future. With a Key level identified at 1.756; it is required that we hold on and see where the retracement of the impulse leg will end as the end of this retracement will be our justification to enter a rally.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.