Gbpaudtradesetup
GBPAUD BUYING FROM KEY ZONEAs I can see this pair is testing strong support zone and price is still holding with bulls
and we are buying this pair also on the base of GBP STRENGTH and right now this pair is testing weekly based support zone
so we expected this designed Tp will achieve with a small risk and looking for higher rewards
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GBPAUD - 200pip TAKEPROFIT BREAKDOWN !!Welcome traders to a free analysis breakdown.
This breakdown is a little different than normal, i have broken down the reasons for taking the trade and what we looked for leading up to pulling the trigger. Hopefully this can bring value and insight to your trading journey.
If there is any pairs you would like me to cover in the next video leave a comment below.
If you all can also show the support my liking this breakdown it really does go a long way.
Trade Safe
Alpha Trading Group.
GBPAUD - Entry BreakdownI have broken down and highlighted the reason I am looking for a possible long trade to the upside.
Everyone inside of the Alpha community I will notify you when we should get in this possible trade.
I would suggest keeping this pair in your watchlist to see if your own rules are met.
If you take a trade from the analysis leave a comment in the section below.
I would love to here how your trade went.
On behalf of Alpha Trading Group,
Trade safe
GBPAUD LONG TRADEcurrently at weekly support that has held strongly in the pas and according to price action on the H4 time frame, strong up trend is expected......after the strong bearing move the the support zone we are currently at, retracement to the up side is expected. brain storming on this one......valid trade for me as all my rules are met o this one... we had looked at the short before and now looking to go long back up to a major resistance level aroung 1.8700
GBPAUD BEARISH TRADE IDEA UPDATEI projected a double zigzag In my previous analysis due to the nature of wave (a) of the correction. Fortunately, the confirmation level was not triggered and the market rally higher to complete a five-wave cycle in wave (c). The five-wave suggests that the whole correction is a simple zigzag pattern.
Price has made a deep correction that terminated at 78.6 Fib and the wave (c) also equal (a) within the blue zone. Price is expected to resume the bearish sell-off in wave 3 from or near this level while the invalidation zone remains intact.
Once the price breach the confirmation level, the invalidation level will be high at 78.6 Fib area.
What's your thought on GBPAUD?
GBPAUD Short OpportunityThis pair has recently formed a bearish flag right at 50% retracement and at Daily Resistance level which has numerous price activity around said level.
Also notice that price is at the Bottom Cloud foreboding a breakout any moment.
Volume is also decreasing as price rallies higher indicating that this is not a legitimate bullish move.
Stochastics also indicate that price is ready for a free fall as it is in overbought territories.
We enter positions either at the breakout of the bearish flag and/or Daily Resistance, or for more a conservative approach upon breakout of the trendline and place our stop losses above the bearish flag with take profit levels placed at a 1:1 ration of the pole measured from the breakout