GBP/AUD:NEW SWING OPPORTUNITY+STOCH DIVERGENCE|LONG 🔔Welcome back Traders, Investors, and Community!
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Gbpaudtrade
GBPAUDUPDATE AND ADJUSTMENTS ON the hour time frame #GBPAUD. on the previous analysis the level anticipated if the price moved down was hit, and from there it pulled back up, now, is it a retracement ? before bouncing further down to the level on the chart? or will it move further up.Lets wait and see!!
gbpaud boomgbpaud buy :
Reasons :
1)breakout from the regression trend
2)same false breakouts in previous months as indicated
3)all my 3 ema lines indicates uptrend mainly the yellow line(secret configuration)
so if it crosses 1.88800 place a buy trade fro 100 pips as indicated
i decreased the number of pips from tp as it should surely hit the tp without false breakouts again
GBPAUD IN A CLEAR UPTRENDWe have seen this pair continue to trend to the upside for quite some time now.
Steady higher highs and higher lows have been formed along this trend and we'll love to flow with it.
Since there was a bullish impulse move yesterday, we can expect some sort of pullback for another continuation.
The marked area at 1.87500 was a previous area of resistance, and a possible higher low when price returns to the area.
We'll watch to see how price reacts at this area.
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 downtrend continuation1.8560 is an area of resistance. We see that the market failed to break the level and create a new higher high. Instead we see convincing price action that can make the market move lower. My bias is bearish on this pair. Market can move towards 1.8490 level and if it breaks below that level market will continually fall lower until it breaks the downtrend market structure.