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GBP/AUD has been rejected by monthly support line and now will go higher in long term.
Let us know what you think about this idea.
Trade safe !
There is a probability of first tp to the proposed ( 1.85140 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
GBPAUD Waiting for the Range Bound and the beginning of the Ascension Trend.
Hi guys...i'm at yr service with GBP/AUD analysis
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Always make your analysis before a trade...! good luck guys
This post does not provide financial advice. It is for...
GBPAUD formed Head And Shoulder Pattern at the resistance line of channel pattern. According to chart pattern analysis, we might see some downside in GBPAUD as shown in the chart, one can initiate short side trade with proper risk management and stop loss.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
I posted an idea of GBP/AUD early this week, with the anticipation of GBP/AUD coming to 1.8100. After a recent pullback into 1.8300 we can now clearly see the next fibonacci move lining up. The pound saw some decent upside post-BoE, where policy was left unchanged, but investors favoured the rather optimistic forecasts which was posted by the central bank.
🔸 4H CHART EXPLANATION:
🔸Price bounced at the Weekly Ascending Trendline.
🔸It has also broken the Descending Trendline.
🔸 We consider that the first bullish target is the Resistance Zone. If it is broken, then we will wait for a retest before looking for a long trade.
🔸 Will look for a lower timeframe setup.
🔸 DAILY CHART ANALYSIS:
Plan : support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...