Gbpaudsignal
GBPAUD--- Weekly Planning- Update LiveDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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POTENTIAL FOR GBPAUD TO FURTHER MOVE BEARISH We saw price break bearish today and recently found support from which we moved bullish , price is now showing great potential to further break bearish once it re-tests the marked region , price potentially going to slow down and reject from this zone and this is what i'll be looking for.
GBPAUD 4HRThe overall trend is bearish bias, in the meantime, however there will be a moderate retracement to the upside from 1.80794 (23.60%) to 1.84025 (78.60%) according to the 2nd Fibonacci sequence. From the retracement to 1.84025 (78.60%), the forecasted projection is set to be completed at (1.75766).
GBPAUD – the completion of 2/B wave in the range of 1.7934We had little time to get the general trend in the daily chart, but in the 240-minutes chart, it was totally clear that a trend which has started in the range of 1.7469 has ended in the range of 1.8527, that is in the format of 5 waves. Also, the corrective movement is in the form of 3 simple waves that have completed in the range of 1.7934. Given these conditions, we should have an upward movement of 5 more waves, which the targets are 1.8307 to 1.8507.
The main confirmation for this uptrend is when the price crossing the range of 1.8218, on the contrary, the range of 1.7934 will violate this analysis
GBPAUD 3.5% Drop was expected will it reach Sep low?GBPAUD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Break and retest of Rising wedge pattern
2️⃣Trend reversal due to positive risk sentiment
3️⃣ positive risk sentiment, Positive brexit talks, Vaccine news will influence this pair
4️⃣ Price around 1.82000 psychological level
5️⃣ September high acted as resistance point
6️⃣ October low-Middle correction-minor bullish correction expected
7️⃣ Technical support - bearish
8️⃣1.75000 will acted as key reversal-Bullish
9️⃣ 1.85000 level acted as strong resistance
🔟 Possible swing target-September low
#️⃣ Overall bearish trend
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📉 Technical bias-H4-Bullish
Price is below100,200 Exponential moving average
100,200 Exponential moving average will act as support-Bear
Relative strength index - Reached around 55- Still it has some room for the bull
MACD -The histogram is fading slowly and about to below signal line, oscillators about to cross
Stochastic - Reached 75- overbought condition medium term fall back expected
Ichimoku cloud -cloud is still red and Middle line is acting as minor support-Bull
Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band expected
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Key reversal area's
1.85000 psychological level
1.83000 September month high
1.78450October month high
1.80070 50% Fibonacci retracement level
1.80000 Major psychological level
1.81650 Possible entry- Bear
1.74900 September month low/Alternative bullish entry
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Bearish entry #pound #gbpaud
Entry price - 1.81650
Take profit 01 - 1.80000
Take profit 02 - 1.78450
Take profit 03 - 1.74900
🚫 Stop lose 1.82600
⬇️ 3.72% Growth expected
⤴️ Account growth .51: 3.72
✅ Risk reward ratio 1 : 7
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GBPAUD ShortGBPAUD shows signs of falling since dawn. Analyzing the daily chart, we have the formation of an "M".
We also have several daily candles that do not have the strength to break the resistance.
For entry, I chose the 15-minute chart, put the fib and entered at 50% level (around 1.83642) with SL at 1.84020.
For TP I have 1.8290 or 1.81550.
It I'll depende on your type of trade.