GBP AUD - Purchase on 61.8% Fibonacci
Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
Blue = Monthly
Purple = weekly
Red = 4 Days
Yellow = 16 Hours
Orange = Daily
Dark Green = 8 Hour
Grey = 4hour
Pink = 1 hour
An update to the previous analysis -
The criteria will be linked below;
This can be an intra-day trade or an additional buy to already long positions.
Update from the previous; Daily View
Please refer to the weekly and monthly for this analysis.
See the latest analysis here;
Monthly Chart Snippet - Clean view
Weekly;
Expect wicks at imbalances and allow reactive levels to confirm where price will take us.
The Pound, Australian Dollar provides a great hedges for the long positions so remember to capitalise on them to protect capital or to simply create quick profits.
Here is a probable scenario leading to the end of 2021
Volume Profile Analysis
Note the key volumes of interest surrounding the key area of interest - relating to 1.82XX zone with 10.734M value area down as opposed to the 10.937M value area up.
This critical area along with the above 11.554 X 11.887 has seen the incremental change shift from sellers to buyers.
The reality is the volume is here assist with the opportunities. Refer back to the monthly chart to see where the imbalance dots connect and align with a bullish opportunity.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
Blue = Monthly
Purple = weekly
Red = 4 Days
Yellow = 16 Hours
Orange = Daily
Dark Green = 8 Hour
Grey = 4hour
Pink = 1 hour
An update to the previous analysis -
The criteria will be linked below;
This can be an intra-day trade or an additional buy to already long positions.
Update from the previous; Daily View
Please refer to the weekly and monthly for this analysis.
See the latest analysis here;
![GBP AUD - Poised to move higher towards 2.00 [VIP]](https://s3.tradingview.com/t/Ttn0fXac_big.png)
Monthly Chart Snippet - Clean view
Weekly;
Expect wicks at imbalances and allow reactive levels to confirm where price will take us.
The Pound, Australian Dollar provides a great hedges for the long positions so remember to capitalise on them to protect capital or to simply create quick profits.
Here is a probable scenario leading to the end of 2021
Volume Profile Analysis
Note the key volumes of interest surrounding the key area of interest - relating to 1.82XX zone with 10.734M value area down as opposed to the 10.937M value area up.
This critical area along with the above 11.554 X 11.887 has seen the incremental change shift from sellers to buyers.
The reality is the volume is here assist with the opportunities. Refer back to the monthly chart to see where the imbalance dots connect and align with a bullish opportunity.
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
Order cancelled:
The price is still falling, a further area is now considered
Trade active:
- waited for price to reach the low - can reactive buys in place
Trade closed manually
