GBPAUD , Wait for another opportunitiesHello everyone
According to the previous analysis of GBPAUD , we take sell position in the box in multi-time frame and the market is exactly doing and moving like our way
We should wait until first target reach and then if the price can break down first target and close under the shadow of first Tp , After pullback we take another sell position
We will publish analysis of GBPAUD after the first Tp reach , Being with us
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This is the analysis in some days ago for taking position
Good Luck
Abtin
Gbpaudsignal
GBPAUD Multiple Confluence SellHigh confluence sell area with multiple confirmation:
- 61.8% Fib Retracement level
- Previous minor flip/supply & liquidity zone (Red Zone)
- Touch of bearish trend trend line
- Break & Retest of counter-trend line (Watch for bearish candlestick signals)
- Price has started to make lower lows and lower highs
Entry:
Wait for 3 or more confirmation with good bearish structure/candle
Take Profits:
- Main Take Profit points will be at 1.87500 & 1.87000 (TP2 & TP3)
- TP 1 is a conservative exit (Best to take partial profits and set SL to BE if there is good bearish momentum)
GbpAud- to drop from resistanceSince the double bottom and 1.74 low marked in January, GbpAud has had an impressive rally with the pair gaining around 1700 pips.
Now the pair is trading in resistance and a drop from here is possible.
1.85 could offer support and be bears target with the price closing above 1.9 negating this scenario
GBPAUD | Perspective for the new weekThe continuation of bearish pressures appears to be emphasized at the AU$1.89150/1.89550 area. Since late August 2021, it can be observed that price continue to reject this area as buyers find it difficult to push prices further. Following a continued rejection of AU$1.8950 which also makes a confluence at exactly 61.8% retracement of prior bearish momentum and the disappointing UK Retail Sales report failing to boost the British pound across major pairs, I see an opportunity to t
ake a bearish bias on this pair in the coming week(s).
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Trendline | Reversal pattern (61.8% retracement)
Observation: i. The line drawn under pivot lows is a visual representation of the support level which reveals the prevailing direction of price action since the beginning of September 2021.
ii. As far back as April 2019, the AU$1.89150/1.89550 is a zone that has a memory for bearish momentum.
iii. The Bullish Trendline guided price back to AU$1.89350 during last week trading session to form a Double Top look-a-like.
iv. Double Top: Having an extremely bearish technical reversal pattern right inside a Supply zone appears to be a signal that a risk of a further decline in price is imminent as long as the price breaks below AU$1.88400 (Neckline) in the coming week(s).
v. Below Key level @ AU$1.88950 remains a comfortable zone to sell the Pound for the Aussie in the coming week(s).
vi. A further breakdown/retest of AU$1.88400 welcomes an opportunity to add to our existing position... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 250 pips.
Risk/Reward : 1:5
Potential Duration: 2 to 7days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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 Technical Analysis
⏳ Spot
💎 GBPAUD has reached a significant resistance. As we see in the past the price has reacted to this level multiple time and now it is also expected that the price reacts to this level and we see a bearish move.
🏁 Short & Medium Term
💵 Invest Only 2% of your Portfolio
🎳 Entry at market or 1.89100
☕️ TP1 1.88230
🍺 TP2 1.87000
🍻 TP3 _______
🍾 TP4 _______
🍷 TP5 _______
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 1.89900
Good Luck 🎲
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GBPAUD | Perspective for the new weekA Breakout of channel negated my speculation on this pair as price continued to find new highs (see link below for reference purposes) and the appearance of a Double Top structure at this juncture in the market insinuates a risk of further decline if price successful breakdown Neckline @ AU$1.87800. Positive development unfolding as the Reserve Bank of Australia (RBA) is expecting that once the covid restrictions end, the economy would stage a quick rebound as it revised down its 4Q GDP forecast by 0.75%.
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Reversal pattern (Double Top)
Observation: i. It is very glaring that the Pound has imposed a show of strength over the Aussie since the beginning of the year 2021 hereby registering an 8.7% gain to culminate at AU$1.89800 at the end of July 2021.
ii. The appearance of Double Top structure at the very peak of the Bullish run inspires an extremely bearish technical reversal pattern after the price touched a peak two consecutive times (AU$1.89800 & AU$1.89230 respectively) with a moderate decline between the two highs.
iii. Even as sellers continue to make attempts to close below Neckline @ AU$1.878000 in the last two weeks, positive developments from the RBA incites a possible strength for the Aussie at least for the meantime as we anticipate a Breakdown of AU$1.87800 in the coming week(s).
iv. In this regard, I have identified a supply niche around AU$1.88500/1.88740 - an area I suspect momentum for selling opportunity as below key level remains a comfortable zone to open a position.
v. A successful Breakdown/retest of Neckline shall be an opportunity to add a position to our existing position.
vi. For the meantime, I am assuming that the Bearish expectation might be a correction of the impulse leg (see weekly chart below) until proven otherwise...Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 3 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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.
GBP/AUD:NEW SWING OPPORTUNITY+STOCH DIVERGENCE|LONG 🔔Welcome back Traders, Investors, and Community!
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Have a Good Day Trading !
GBPAUD Has Formed a Bullish Flag
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Hi Traders, GBPAUD on H4 has made a Bullish Flag, If the price gets out of the Flag below 1.8498 we can look for potential entries.
⬇️Sell now or Sell at 1.8665
⭕️SL @ 1.8756
✅TP1 @ 1.8498
✅TP2 @ 1.835
✅TP3 @ 1.8145
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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 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