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Gbpaudsignal

GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD Breaking down GA as it was requested from one of our forex alchemists! You ask and I will deliver! As you can see in the technical analysis above GA has been a bit tricky. We experienced multiple fake outs to the downside which is expected. This is why you don't just jump into a trade when all you see is a simple break of a trend line. I always say there is a lot of confusion in the market around trend lines so always be cautious. After the fake outs to the downside GA pushed up quite a bit then showed us a beautiful double top. This is where more experienced traders would have taken shorts. I personally wanted to see price push up a third time giving us a clean entry! Remember there is always another entry or a better trade right around the corner, never rush things! Only gamblers force trades, we are focusing on becoming the best forex traders possible to make this a reality you need to develop ridiculous amounts of patience. Patience, risk management, and always sticking to your trading plan is the key to longevity in this market. IT IS NOT EASY, BUT IT IS DEFINITELY WORTH IT!
by Layne_LV
4
GBPAUD buy on H1Plan : trendline breakout --> wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** 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. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
7
GBPAUD Analysis: Price much likely to go downHi traders, GBPAUD has been on the rise and following an ascending channel which it has respected faithfully for a long time since November 2017. It has now come to its top/resistance line. It is also at a strong horizontal resistance zone. There is a high chance that price may bounce off towards the support line of the structure. I would suggest you sell only when the price manage to break the support line of the minor channel that is within the major channel. Share your views about this pair in the comment section. If you agree with the idea to show agreement.
Short
by John_Mwaniki
GBPAUD Sell on H3, rising wedge patterns have formedNote : wait for prices to bounce off the trendline resistance --> wait for the rejection candle to form e.g. bearish engulfing, pinbar etc --> SELL **Disclaimer** 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. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD This Pair has been playing out flawlessly. We have been calling everything perfectly, the market has just been lacking the volume needed. GA definitely pushed up to where we would want to take shorts, but as we say time and time again there is always another opportunity right around the corner and its not wise to get into a habit of jumping at every opportunity for an entry you see. Sit back trust your technical analysis, plan your trade and TRADE YOUR PLAN.
by Layne_LV
5
GBPAUD Set Up for a Massive DeclineGBPAUD is making a series of (i)-(ii), i - ii, wave pattern which usually leads to subsequent decline. On the higher timeframe, price is sitting at a key resistance level that lined up with 50% Fibonacci retracement of the weekly decline. Price has the potential to sell-off from or near the current level and should not breach at least the major invalidation level indicated on the chart to remain valid. What's your thought about GBPAUD? Kindly let me know in the comment. Thanks for reading! Veejahbee.
Short
by Veejahbee
2