Gbpaudtrade
GBPAUD, daily tf, double bottom setupHello my friends,
It has been long since my last trade ideas.
I haven't found a satisfying setup to trade yet that's why i don't post anything in the last few weeks.
Today i finally found a good setup to trade which is GBPAUD pairs.
As you can see price making a possible double bottom pattern and price already broken above the neckline.
At the same time, GBPAUD broken above the descending trendline which has served as resistance since October 2020.
The measured objective of double bottom is around 500 pips.
Don't expect price to reach our take profit in a quick way.
It gonna be a bumpy ride to the upside as well because there is horizontal resistance level on the way up.
Buy GBPAUD 1.7820
Stop loss 1.7700
Take profit 1.8240 (4.2R)
Buy GBPAUD1. double bottom created near 4hr 200 EMA
2. RSI divergence on 1hr
3. two tails on the second touch of double bottom
4. counter trendline broken
GBP/AUD SELL IDEA Hey tradomaniacs,
welcome to another free trading-setup.
GBP/AUD: Swingtrade-Preparation
Notice:
This trade could take a little while after the breakout.
I personally don`t daytrade GBP/AUD with a tighter stop-loss as this pair can be volatile and choppy.
If you are not ready to hold for a few days please stay out. :-)
Market-Sell: 1,78300
Stop-Loss: 1,80000
Point of Risk-Reduction: 1,77215
Take-Profit: 1,74440
Stop-Loss: 170 pips
Risk: 0,5% - 1%
Risk-Reward: 2,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
GBPAUDHello Guys Welcome back to another profit week
If you like my idea please give me a like and comment, Thats will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPAUD broke the middle support and moving to the last support, there will be a sell entry
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
GBPAUD Short (Sell) Trade IdeaThis pair has been in a long downtrend and has recently pushed up to an a supply zone. We may have an opportunity here to short this pair and potentially gain 4/500 pips on a 1:10 risk reward ratio if the longer term downtrend continues.
Easy money eyes closed to gain profit BRITISH POUND / AUSTRALIANI recommend to buy the price is going up
GBP/AUD Making Correction, Long Opportunity ComingThis has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish.
Target is set at the previous high of 1.80159. This aligns with previous support so it is meeting resistance here.
SL is just below 0.5 Fib
GBP/AUDLooking for 3 different positions to catch the impulsive moves on the Elliot's wave!
Price is overall ranging (bouncing from support --> resistance)
Steps we're looking for:
1. Price to respect the key level
2. Reverse into a uptrend
3. Break of key level then retest for a entry
Move 1 Move 2 Move 3
Entry - 1.78882 Entry - 1.79070 Entry - 1.79387
TP - 1.79165 TP - 1.79566 TP - 1.79814
SL - 1.78751 SL - 1.78948 SL - 1.79269
GBPAUD- En route to our first target levelOur updated GBPAUD chart further to our previous idea
We expect a further rise to 1,836
GBPAUD Moving Sideways...Retesting Resistance Level!!!GBPAUD has yet to show us any breakout strength. I am expecting price to retest 1.7964 resistance level and clean rejection there will give us a great short opportunity. As we can see, GBPAUD has been consolidating within this support and resistance level for sometime. If price breaks below my moving average lines, we can expect a great BEARISH movement to the downside. With that, I will be eyeing the support level @1.7560.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
GBPAUD Create Hidden Bearish DivergenceGA Gonna Short for Hidden Bearish Divergence
1st TP 1.7866
2nd TP 1.776
GBPAUD - (Continuation) SHORT; (re)SELL it here!Been short this what seems like forever (and making lots of money!!) with still miles and miles to go - down!
This is easily the 2nd best trade (Short) of 2021.
Here is the long term picture;
GBP/AUD at Big SupportThis is at a big support level so looking to take a long position soon. MACD is showing on the daily that this is still bearish as it is below 0. I expect this to drop slightly from its current position, if it meets the support area marked in blue then that could be a good entry point with SL just below the lowest point of the support. TP is set at 0.382 Fibonacci of period from March 2020 to the low.
GBP/AUDAs for Eur / Aud and for GBP / AUD we have a nice setup, although we would not be in too much of a hurry to enter the buy position for this pair. It is smarter to set up a much safer sell.
GBPAUD shortAs we can see the Pair is in a longterm downward trend and is now approaching a key level (1.77500) nearing its longterm downwards trend line. I will be looking to short this pair down to its key support at 1.76000
Price also at the top of its rising wedge
