H1 - Bearish trend pattern followed by a flat correction in the form of a range. A valid breakout below the bottom of the range would be the validation for this short term bearish view. Alternatively if we get a valid breakout above the top of this range then this bearish view will be invalidated.
UK GDP data released today underwhelmed as the UK economy shrank by 0.3% for the month of October. Having avoided a contraction during the July-September period it appears the luck has finally run out. The July- September period largely coincided with the UK summer which could in part explain the GDP number posted. The increase in visitors and travel by UK...
Pair : GBPAUD ( British Pound / Australian Dollar ) Description : Completed Impulsive Waves " 123 " and making its " 4th - abc " Impulsive Waves. Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Lower Trend Line. It can Reject from Daily Demand Zone or Fibonacci Level - 78.60% Entry Precaution : Wait for Rejection or Retracement
H1 - Bullish trend pattern. Currently it looks like a pullback is happening. No opposite signs. Until the two strong support zones hold my short term view remains bullish here.
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
GBPAUD forming a rounding top movement pattern which is usually related to double top pattern tends to downward. For risky entry sell, set sell limit. For safer entry sell, wait for price build up rejection or reversal pattern such as H&S.
Pair : GBPAUD ( British Pound / Australian Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame and Completed the Breakout of the Lower Trend Line and Making its Retracement. Completed " 1234 " Impulsive Wave. Divergence and Rejection from Fibonacci Level - 50.00% Entry Precautions : Wait until it Completes the Retracement and Rejection
Hello,Traders! GBPAUD is bullish on the weekly and just broke a key level resistance 1.9230 on the daily. We expect a pullback to the previous structure broken, and will be monitoring for a potential long from 1.9188 zone to the target resistance. Trade safe and good luck! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBPAUD, I am expecting 400+ pips move from this level, minimum at least 250+ pips move should be there till latest H1 OB.
Pair : GBPAUD ( British Pound / Australian Dollar ) Description : Bearish Channel in LTF & STF as an Corrective Pattern Break of Structure Impulse Correction Impulse Fibonacci Level - 61.80% Head and Shoulder
there is a possibility that this pair will only experience a minor correction, not to change the trend to bearish in the main. the possibility is that the price drops to the bearish confirmation line only.
Seeing how the trendline is well respected, it seems that it is most likely to continue the bearish trend more positively. take a short position with a small risk, most likely it will fall deep enough
GBPAUD broker 1.8700 strong resistance area. Demand zone for long 1.8700-8670, target: 1.90000
GBP/AUD is in long term (Daily) resistance zone and is retesting the trend line after a break to the downside. About 3.4 risk/reward.
This is for short term And this is risky too. Please DYOR before entering the trade.
Here is my view for GBPAUD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello Traders, Hope you all are doing good!! I expect GBPAUD to go Down anytime soon from the blue zone . We will internally monitor the price action as the wave will progress. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own...
Pair : GBPAUD ( British Pound / Australian Dollar ) Description : Bullish Channel in Short and Long Time Frame and Breakout the Lower Trend Line and Retracement Break of Structure Trend Reversal with LL - LH Divergence Rejection from Resistance Level Double TOP