A #long trade opportunity recently presented itself on the #poundaussie (#GBPAUD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 1.91028 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see...
Hi Traders, Today I see a setup on Pound Aussie for a potential swing short which could yield a great return if patience and great trade management are applied. Price has clearly rejected a higher time frame Resistance and we are now looking at price pushing to the downside. I would like to see price take out the current support at 1.76580 where we can then wait...
Simple set up on GBPAUD. Anticipating GBPAUD to continue its bullish direction into around the 1.88 level. As we can see price appears to have found a new support at the 1.86 prior resistance, it is also supported by the H1 EMA. Psychological levels are super accurate with this pair a lot of the time i find. I expect a rise now to meet yesterday's high. Decent...
Green oval is where the price should start moving upwards, On a higher timeframe it has broken out of a large falling wedge The curve I have plotted should hodl Nicely aligns with the Fibonacci circles plotted also The yellow line is the 200 day MA
H1 time frame. Structure: Bullish structure is broken, price breaks Key level 1.88400. Waiting for the price to return to the 1.88800 - 1.89000 zone, sell setups may appear. Profit target is 1.85400 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :) If you think I should post trade closer to the time of execution with more up to date analysis/stop losses/TPs let me know.
Hello everyone! Here is my view on GBPAUD. Looks like the triangle pattern is not completed yet, and another uptrend to areas near $2 is possible. There is a strong resistance at 1.84300, upon closing above that level the bullish will continue.
Here is an analysis on the GBP/AUD Currently trading @ 1.80200 We expect the pair to retrace back to 1.79800 before it continues its bullish trend If it manages to break below 1.79800-600 we will expect it to test next support @ 1.79300 & then 1.78500 But if the pair treats 1.79800 as support then we'd expect it to test resistance @ 1.81
Hello everyone! Inverted Head & Shoulders pattern formed on GBPAUD giving us a potential move to the upside (1.15%) Waiting for more price action confirmation!
Here is an analysis on GBP/AUD Currently @ 1.80100 Bearish Harmonic on the 4H chart suggests possible downtrend on the pair The pair has to break above resistance @ 1.81 to turn bullish We expect the pair to fall back to the 1.79 level and test support @ 1.79 OUR POSITIONS: Buy Stop @: 1.81200 Buy Stop TP @: 1.81700 Sell Stop @: 1.79900 Sell Stop TP @:...
We saw some bearish movement on GBPAUD yesterday however it appears a weak AUD caused a bullish reversal in the pair overnight. (I am currently in UAE timezone) At the time of writing, the London session has just begun & we see price action indicating that another move down may be imminent. I observe a bearish doji followed by what appears so far to be an...
This pair is in a big weekly consolidation that will prepare the down move. Last week we forecasted one more up move and the price went to the support area at 1.77-1.774 and then climbed sharply to 1.811 in 1 day. After the creation of the top at 1,811 we saw a sharp reversal and we are now in a consolidation zone. We think that the price may move up and down in...
As we were saying last week, GBPAUD is in a monthly downtrend that is making a big weekly correction which will probably feed the next down move. The price is still in the range that started at the beginning of the month. We have to watch the price action in the important area of decision between 1,776 and 1,77 to decide where the next big move will be; one more...
GBPAUD - I liked and still do feel GBPAUD has great trading opportunities, I've been swing/day trading GBPAUD. Hope you had or having a great weekend...so far! Let's dive into GBPAUD - Technical aspects: Pattern: Wedge Support: 1.77900, 1.77585, 1.76860, 1.76295 Resistance: 1.76295, 1.80200, 1.80450, 1.8100, 1.81580 How to play this trade idea? - Add...
This cross is in a monthly downtrend that started in March 2020. We are in a big weekly correction (started in July 2020) that will feed the continuation of the down trend. The price will either go one more up to reach the 1.8200 level or reverse and head down all the way to continue the big trend. For us it is important to read the price action in the decision...
broadening bottom is confirmed in gbpaud, but still fifth move is not completed, so ,short this level and wait for the targets that showed on the chart
If support holds just as it held last week, we could see a rally. If it breaks, short. Entry is key.
Price seems to be breaking resistance that has been tested severally today. Lets see