GBPAUD Market Outlook | Daily Forex Market BreakdownHello traders, please LIKE & FOLLOW, thank you!
GBPAUD is looking amazing. We pushed lower as we previously called in the last market breakdown. Now what I would like to see is some wicks below current support taking out any traders that are looking to take longs right now. If we can wick below support and see some clean rejections I believe we could start climbing back to the upside. Keeping a very close eye on this pair for the time being.
Gbpaudsignal
GBPAUD More likely SHORTWhat I see in this chart is quite interesting price bouncing nicely in nice bullish channel in weekly TF price touched resistance trend line which lets us to think about bearish signal as you can see price in playing around this area with some bearish pin bars with long bearish shadows, sellers getting stronger in this area, there is two possibility 1. price directly break support trend then pull back to make us enter this position or 2. price go to touch resistance again and make lower high and lower lows, then we can enter in lower highs. 3. there is highly possibility to price make lower high in about 2.0000 then continue to make lower low and lower high (I didn't put in my chart but still is possibility).
Lets which way price is going to choose ...
Just keep follow us, we will let you know where is the best to enter this setup.
Thank you
Good luck ( ;
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GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
GBPAUD is still stuck in consolidation. I believe we're going to be seeing some very move moves soon. We have to be extra cautious because we could see fake outs, but right now nothing for us yet. Like I said GA is just stuck in consolidation right now and we need to let it play out! Patience will be absolutely key!
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
retesting 2.000 as previously anticipated in my last market breakdown. You have to make sure you respect these whole even numbers. 2.000 is a strong psychological key level that GBPAUD has been floating around for some time. Looking bullish for now but no trades for us just yet. GBPAUD is at a make it or break it level we need to sustain above 2.000 or we’re going to roll over back to the downside.
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
GBPAUD is pushing down a bit, but I’m not fully convinced we’re heading to the downside just yet. You have to keep in mind that 2.000 is a strong psychological key level that we have been floating around for some time. I believe that we will see a few more rejections off 2.000 before heading lower. I’m also not weighing out the possibility that we could start climbing back to the upside. Keeping a very close eye on this pair for the time being.