I recommend to buy the price is going up
This has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish. Target...
Looking for 3 different positions to catch the impulsive moves on the Elliot's wave! Price is overall ranging (bouncing from support --> resistance) Steps we're looking for: 1. Price to respect the key level 2. Reverse into a uptrend 3. Break of key level then retest for a entry Move 1 Move 2 ...
Our updated GBPAUD chart further to our previous idea We expect a further rise to 1,836
Hello Traders, here is the full analysis for this pair Watch strong price action at the current levels fors BUY. GOOD LUCK! Great BUY opportunity in GBPAUD .. I still did my best and this is the most likely count for me at the moment.
Please check the chart for the trade breakdown.
This is at a big support level so looking to take a long position soon. MACD is showing on the daily that this is still bearish as it is below 0. I expect this to drop slightly from its current position, if it meets the support area marked in blue then that could be a good entry point with SL just below the lowest point of the support. TP is set at 0.382 Fibonacci...
The price has been in a downtrend since October 2020 (Red trend line) and I'm expecting to catch the retracement move. I can see that the price is in an uptrend since January 6th respecting the blue trend line and has reached a major resistance level. I expect the price to fall back to the trend line, then expect it to continue the uptrend breaking the...
As we can see a flag pattern and TL test for bullish run. So we are expecting a long term bullish run after TRENDLINE TEST.
Our updated chart with 4 take profit levels
How I plan on trading GBPAUD on longs and shorts!
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 investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money...
GBPAUD, touches a very strong trend line! Watch out friends!
Preconditions: - Large Accumulation. - global trend down - local trend down - The downward movement will continue. Push like if you think this is a useful idea! Thanks for your support!
GBPAUD price is reject the strong level of support , GGBPAUD will go long
As we can see market is in following support and TL. Now we are expecting a fakeout near support for long up side move.