Gbpaudsignal
GBPAUD- SHORTS?!
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Sell Am currently doing A FTMO free trial and taking all these trade ideas seriously I got a lot of confluences on this trade with a proper stop loss
1. 4HR GraveStone Doji
2.2HR tweezer top
3.1HR bearish engulfing and evening star
and other deep thought I've had on this idea!
I hope it goes well!
Make me top author :))))!!!!
GBPAUD Forecast!! Looking Great!!!PoundAussie PA has been moving down nice and corrective on the higher TF. There are a lot of equal highs and equal lows forming, these will get swiped with all the liquidity above and below them. I will be looking for continuation patterns on the lower TF. The easiest way to trade GA is to dissect it into stages to make it more visible to see the patterns, The same fractal patterns happen over and over again!! We could get some asian sweeps Monday and Tuesday.
GBPAUD Forecast potential long!I made 12% and 25% on GBPAUD this week! I will post my trades below. GBPAUD is looking great for more buys and possible sells later in the week. Lets see if Monday/Tuesday Pa creates another Higher low. Higher time frames is suggesting this pair is start be bullish . However we have some important key areas above for possible rejection. Give me a follow and like to keep up to date forecasts, Once you can read the high possibilities where price action is heading, then you can learn how to enter trades on the lower time frames AND how to protect your capital, so you lose absolutely no capital! yes that is right! AND have a high Strike rate over 70%
GBPAUD Forecast potential long!I made 12% and 25% on GBPAUD this week! I will post my trades below. GBPAUD is looking great for more buys and possible sells later in the week. Lets see if Monday/Tuesday Pa creates another Higher low. Higher time frames is suggesting this pair is start be bullish. However we have some important key areas above for possible rejection. Give me a follow and like to keep up to date forecasts, Once you can read the high possibilities where price action is heading, then you can learn how to enter trades on the lower time frames AND how to protect your capital, so you lose absolutely no capital! yes that is right! AND have a high Strike rate over 70%
GBPAUD | Perspective for the new week | Follow-upMy very first speculation this new year was on the GBPAUD and since this publication price has moved over 500pips in our direction as we finally experience a Breakout of AU$1.80000 as predicted (see link below for reference purposes).
It appears the major GBP pairs are taking a synchronic upturn following renewed confidence in the UK economy amidst reports that Covid-19 infections have fallen by two-thirds!
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Trendline
Observation: i. During the last quarter of 2020, buyers gave in to the strong pressure of Sellers due to a shaky UK economy.
ii. Last year ended on a Bearish note for the Pound as a successful Breakdown of my Key level @ AU$1.80000 in December 2020 was followed by strong selling pressure from this level (rejection).
ii. Bullish Trendline: The line drawn under pivot lows (Pivot I & II) expresses the prevailing direction of participants in the market as the trend continues to find Higher Highs which finally culminates into a Breakout of Key level last Friday.
iii. It is worthy to note that this is the first time this year that the price will close above AU$1.80000 (Key level).
iv. Even though the Breakout is not fully confirmed, I have a strong feeling that the Sellers have finally given in to the Buying pressure.
v. In this regard, I shall be looking for trading opportunities above AU$1.80000 as I peg my new Demand zone around AU$1.78000/1.8000 in the coming week(s).
vi. Please note that as Bullish expectations become high, it is necessary I state here that significant Breakdown of Trendline might consider this bias invalid... Trade consciously :)!
Trading plan: BUY confirmation with a minimum potential profit of 800 pips.
Risk/Reward : 1:5
Potential Duration: 25 to 40 days
NB: This speculation might be considered to make individual decisions on a lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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 - SHORT; This is headed down ...... what is basically "forever". Make this SHORT your 401k. (Right alongside the GBPJPY Short.)
The simple fact remains that while the BoE is running a 120% debt load vs. it's GDP, the RBA hasn't even hit 50%, yet, and so it can basically keep borrowing til the end of time.
Here is the Weekly;
... and the Daily;
GBP/AUD Approaching SupportLooking for this to turn higher at the current support level. Keep an eye on MACD and EMA's and possibly 1HR timeframe as well for the point that this holds up before turning higher. Its possible to slightly overshoot the blue line I have drawn in around 0.382 Fibonacci before turning.
Setting target at the previous high of 1.80100 for now. Need to see that resistance break before aiming higher.
GBPAUD | Perspective for the weekHappy New Year!
It is another new year and we are beginning with a Bullish expectation on the GBPAUD pair as the Double Bottom structure guides us to a potential Higher high in the coming week(s). As at the time of writing the exchange rate for the pair is dangling around AU$1.77040 as we look forward to the appropriate price to buy the Pound Sterling.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern | Supply & Demand | Double Bottom
Observation: i. The fall of Pound found the bottom in September 2020 @ AU$1.7500 and it appears sellers are finding it difficult to push below this level as price experienced a sharp rejection of this level again in December 2020.
ii. Double Bottom: Rejection of this level (AU$1.7500) the second time followed by Higher Highs give rise to the opinion that we might be at the verge of a reversal.
iii. This been said, it is appropriate that we remain cautious as we grope for confirmations at this juncture in the market.
iv. In this regard, my anticipation of a significant Breakout of AU$1.7900 level and maybe followed by a rejection of this level could be enough reason to hop in the rally.
v. It is worthy to note here that a significant Breakdown of our proposed Demand level might consider this bias invalid... Stay tuned!
Trading plan: BUY confirmation with a minimum potential profit of 600 pips.
Risk/Reward : 1:4
Potential Duration: 10 to 20 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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 push to 1.78000 handle then move higher to 1.81000Hello,
I have a few reasons why I forecasted this exact trade but I won't be giving away all my reasons. We use an algorithm in-house which takes a laggy indicator and reverse engineers the indicator to match 90% of market conditions. This allows us to be very accurate.
I have forecasted this very rewarding trade and the potential to the upside is huge. I will be continuously be monitoring the pair once it has entered my buy position and be adding to the comment section as we go on.
If you have any questions (I would post my instagram handle, however I got into trouble for doing that LOL) Just message me on trading view and I can see what I can do.
40 Pips stop loss
300 Pips take profit.
Entry: 1.78000
Enjoy
Saif