After finding support at a major demand area on the daily the Pound AUD is about to peak up bullish momentum to at least 61.8% of the entire drop. Looking at our MACD we can clearly see a bullish divergence while price kept coming down in the month of July, that is a sign that momentum is shifting and the bulls are now gaining control
Price action respected trendline with a fake breakout to the downside, we can expect up movement now till 1.95/1.97 target Watch corrections to add long positions Good luck everyone
Looking for a long term setup on this pair. I believe it will travel to the 1.85XX area. I will be taking a quick buy and a longer term position on this setup.
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LOOKS LIKE IT'S FORMING A DOUBLE BOTTOM PATTERN AND THERE IS STILL TIME TO CATCH 100+ PIPS TO FINISH OF THE LEG.
Welcome to our weekly trade setup ( GBPAUD )! - 1 HOUR Very bullish price action and closure above main sr level. 4 HOUR Great market movement, prices at their lows. DAILY Good long entries following pa. - FOREX SWING BUY GBPAUD ENTRY LEVEL @ 1.80320 SL @ 1.79400 TP @ 1.81630 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
Price broke through support only to retrace back to it and is testing the 50.0 Fibo level There is a lot of divergence on the lower timeframes confirming a possible change in trend, I suspect that price will consolidate for a bit only to bounce off towards the next level of resistance
Based on previous price action and divergence I can see that price will drop down to a previous level of support before shooting up I am currently in the sell and will update when price reaches support
Based on the 4hr chart there is a double bottom forming. Price already broken through the resistance and then hovering around it for some time. The last 4hr candle close indicates another close above the resistance so i am convinced that price will continue going up Buy GBPAUD 1.8100 Stop loss 1.8020 Take profit 1 @1.8180 Take profit 2 @1.8260 good luck
Buy limit 1.79995 SL at 1.79563 TP1 at 1.80320 TP2 at 1.80525 TP3 at 1.80860 Note! Cancel/pending plan few minutes before news! (Medium/high impact news) Disclaimer The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
GBPAUD LONG IDEA. Entry is at the bottom of the channel at a support zone till the top of the channel. My TP is around 140 pips and my SL is 60 pips and is at a previous support level.