GBP-AUD is trading below a rising resistance line
And the pair is approaching a horizontal resistance level
Which creates a resistance cluster
With that in mind, I am locally bearish
And I am expecting the pair to fall
Towards the local rising support
After retesting the resistance
🏛GBP_AUD is trading in an uptrend
But is limited by the rising resistance line
And now the pair will soon hit a weekly resistance level
From where I will be expecting to see a pullback
Towards the nearest demand area
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Hey traders, here is the analysis for the GBPAUD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURAUD has approached the channel resistance in a corrective manner. We can draw an ascending trendline and wait for it to break.
Target will be the channel support depending on how price goes down.
Goodluck and trade safe!
". There is still a possibility of temporary retracement to the suggested resistance line (1.82728).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. GBPAUD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which...
Hello Traders and Analysts,
This is a quick short term update:
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.
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GBPAUD is at a HTF level of selling interest to me, finally have a BOS setting up them potential shorting entries. Lets see how it plays out
GBPAUD is approaching horizontal pullback resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might pull back towards horizontal swing low support in line with 61.8% Fibonacci extension and ascending trendline support. If prices continue to push up further, prices might face resistance from horizontal swing high resistance in...
GBPAUD after the test of the weekly resistance moved below to the support area at the 1.82250 area.
The price bounced over the lower trendline of an ascending channel and now approaches a structure.
According to Plancton's strategy if the price will break above we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly...
GBPAUD is trading within a huge expanding wedge pattern on 4H.
The price reached its support this weak.
On that a double bottom formation was formed.
Taking into consideration that a global trend is bullish on the pair,
I believe that the market may start growing.
❤️Please, support this...
This pair as broken then ascending correction with an impulse. We cans see that this pair has made multiple flags on the way down. Simply wait for another bear flag and enter.
We are heavily bearish on the GBP so this would be a good trade. 400 pips atleast!
Goodluck and trade safe!
RBA Governor Lowe due to come out with relapse in base metal prices at the hands of Chinese efforts to quell the rally in copper, zinc and aluminium etc. Similarly, the Pound has found it tough to maintain post-UK inflation momentum through resistance. Overall further upside to come on GBP/AUD.