On GBPAUD, we have a bullish setup with the price that has just retraced to a Forex48 block, a strategy devised by our CEO. The trade, with the H1 candle closing outside the block, will be set to break-even, so we will have a risk-free position. The target will be set at an RR 1:4, which means at the level of 1.92. Greetings from Nicola, the CEO of Forex48 Trading Academy
Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
High-risk position from what I posted before. We have been following the price for some time now. The price broke the trend line .. now doing a pullback. .. I entered as I posted. It's all about probability.. remember risk management. PS. Leave your comments and thoughts.
For this week, I'm looking at GBP/USD for opportunities to enter sell positions, as I showed on the chart .. the price has been moving in a trading range ( NOT A CLEAN ONE) for some time now. We have a resistance zone where the price had been rejected a couple of times .. last week, the price broke the resistance for 10 hours max but came back to our range with...
Here is our detailed technical review for GBPAUD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.897. Considering the today's price action, probabilities will be high to see a movement to 1.883. P.S The term oversold refers to a condition where an asset...
GBPAUD ranging in downside parallel channel, wait for breakout to take entry. Manage your risk accordingly!
Trade Briefing Price is approaching monthly resistance once again but at a lower level; BXY is indicating a 1% decrease in the upcoming day or so; it previously rejected this area and we're hoping for a similar outcome. We have GBP Flash PMI @ 430AM 0/725 Price is being monitored on the 15m interval and any closure above previous high will void this trade. ...
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
GBPAUD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short GBPAUD Entry - 1.89925 Stop - 1.91000 Take - 1.88314 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️
Hey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.91500 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.91500 support and resistance zone. Trade safe, Joe.
FX:GBPAUD continues to form a bullish trend, as the high timeframe tells us. The price makes a false breakdown of the moving average and returns to the range. The price has returned to the ascending price channel and may form a retest or consolidation above the support level in the nearest future. At the moment the price is squeezed within the flat 1.9184...
TRADE IDEA: GBPAUD Weekly timeframe market rejected from the resistance level 1.92271 but still we can just see the market breaking above also because we are in a strong BULLISH trend we might just see buyers take charge at the nearest support to break above 1.92271 level as i am interest to see the market touch/ react at my resisting trendline.
TREND BULLISH GBPAUD breaking now slowly the wedge consolidation to the upperside. “The Bank of England has warned that it is likely to underwhelm with rate hikes as the UK enters a recession that could last until 2024.” Economic growth will remain hampered and inflation high until the energy crisis eases – however this is to a large degree outside of...
GBPAUD broke and closed below the psychological level at 1.91000 The market broke out of the ascending channel and created a descending channel. Price action is pulling back to the Fibonnaci cluster and psychological level. We expect a bounce and a retest of the support. ———————
GBPAUD ranging in upside parallel channel, wait for breakout to take entry. Manage your risk accordingly!
Hello traders, we want to check the GBPAUD chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to play the role of a resistance level for us and cause the price to fall. If the price falls, we expect it to fall around the price of 1.88600. Good luck.
GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075) The current move lower is expected to continue. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 1.8850 will confirm the bearish momentum. Our profit targets will be 1.8820 and 1.8780 Resistance:...
Here's my projection on GBPAUD, i expect a leading diagonal (forming) before continue to bull. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.