GBPAUD is currently sitting at a key level of support and resistance. From this level, we can be looking for either a reversal or a break and re-test of the level.
i was bullish on this pair however after clearing my charts for the weekend i can see a break of an ascending trend line followed by a double top, this could show that this pair is looking to fall next week, i will wait to see how the market opens before entering.
this is just an idea! follow your own plan and see what price does before taking any trade.
TF: 12 Hr
Big reversal looks to be brewing on GA on the 12 hr TF. If we can complete a right inverted shoulder, than I think we will see upside (~1,000 pips) from there over the course of the next few months.
Price is facing bearish pressure from our first resistance where we could see a further drop below this level.
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where we could see a reversal below this level.
GBPAUD has been pushing down from the high of 1.82660 and has now approached a strong 4h support of 1.8000 of 1.79800.
From this level, we are beginning to see the slow down in momentum and some nice structure beginning to form in the 15min chart. Because of this, I am looking for one of two things. either for the pair to break the minor resistance and retest as...
GBPAUD is testing the descending channel resistance.
We could see a rejection of the channel resistance ⬇️ or a breakout above the channel resistance ⬆️.
GBPAUD on the daily chart is moving inside an ascending channel.
The market after touching the lower trendline attempt to break below and got rejected started a new impulse.
Price retraced back until the 0.618 inside a descending channel and now look for the break of it.
IF the price will break and close above the minor resistance area, we will set a nice long...
Over on the daily, we see price leaning towards the upside.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are...
GBPAUD is testing a long term pennant chart pattern support.
The market is printing the inversed head and shoulders reversal pattern on the weekly timeframe.
Buy entry ⬆️ - breakout above the inversed head and shoulders neckline resistance.
Target - Pennant resistance
Price in GBPAUD will fall down to 1.76464 - 1.74900
I anticipate a rise afterwards.
If the price makes its way up to 1.8468 then it'll be easy for it to reach my specified target at (1.92000) or maybe proceed from there to a higher place.
What is your thought on GBPAUD?
Trading Signal: Flag
There is a Trading Signal to Buy in GBPAUD Currency Pair.
Traders can open their Buy Trades NOW
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GBPAUD - Intraday - We look to Buy at 1.8164 (stop at 1.8134)
Posted a Double Bottom formation.
We look to buy dips.
Daily signals are mildly bullish.
We look for gains to be extended today.
Dip buying offers good risk/reward.
Our profit targets will be 1.8264 and 1.8314
Resistance: 1.8280 / 1.8300 / 1.8320
Support: 1.8200 / 1.8170 / 1.8140
