Hello my friends,
Another setup coming for everyone is GBPAUD pairs.
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As you could see there is a trianle pattern forming in my opinion on 2hr tf. Price already confirm the breakout and retesting it.
All the conditions for taking a buy position also fulfilled.
1st condition is...
Hello Traders, here's an analysis of this pair. Red is sell zone, blue is buy zone, and yellow is potential take profit target.
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
- Price respecting our stress level.
- Since price is showing a lack in liquidity, we can still see a break to the downside.
- In case of a break, we might see a move until the 1.8000 zone.
- Preço a respeitar o nosso nível de stress.
- Dado que o preço está a demonstrar uma falta de liquidez, poderemos ver ainda uma quebra para baixo.
- Caso o preço...
___Buy the pound, because it is too weak and has to deal with the monthly R3 and saturation of sales in the RSI indicator.
- Of course, a lot of news is going to be published on the calendar, its content should also be checked.
GBPAUD is setting up for a relatively good short position and price may drop all the way to 1.7000.
Watch for small corrective structures as confirmation for downside bias.
Trade with caution and manage risk.
Currently, we managed to see a nice rejection off a crucial resistance level @1.8140 price level. This resistance level is rather strong and I will be seeing a retracement from here if GBPAUD will like to break out from this resistance zone. For now, GBPAUD could retrace till 50.0 fib level where testing a support level (as well as 61.8 fib level) is pretty likely...
GA is looking very bullish! Once price breaks out it'll go to the key zone I have on the chart for a nice sizeable move. There is a psychological level at 1.77770, once price breaks through, AND closes I'll have a buy stop order at 1.77790 and i'm gonna hold it to 1.79000.
Hey traders, here is the analysis for the GBPAUD . NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
This pair looks like it has a huge retracement due this week before continuing for the short. Retracement may end in the 1.79129 zone before the short continues. If not, we'll keep going up to the next zone above for a fresh to test the last lower high.
This past week market has shown us strong bullish momentum, bouncing off that trendline and staying in the upwards channel, holding structure. price has made 2 W patterns during the week and with price respecting this trendline throughout this week, bouncing off of it repeatedly, price looks like it could create another W pattern to continue the trend and maintain...
GBPAUD sell-off is taking the shape of Elliot Wave impulse pattern, labelled i-ii-iii-iv-v.
Price is currently in wave iv, which unfolded as a w-x-y double zigzag pattern. It also retraced 38.2% of wave iii and enclosed in a parallel channel.
If this wave count is correct, price is expected to trade below wave iii low in wave v.
What's your view on GBPAUD? Let...
Our analysis earlier in the year suggested that GBP/AUD had broken out of a ascending weekly trend channel to the downside. As is often the case we were waiting for a retest of the trend channel and confirmation that price had entered a bearish phase. That retest was completed in Late-August and since then GBP/AUD has moved further to the downside, posting an...
Currently, GBP/AUD is trading at 1.7848. The pair is trading in a downtrend and just entered into its support zone, It can touch the bottom of its support zone and then rebound back to start a new uptrend. The pair might form a cup and handle patterns after it rebounds back from the bottom of the support zone.
Follow proper risk management strategy to avoid...