Break and re-test sellers ruined.
Breakout buyers ruined.
That is enough liquidity to now create the next leg to either the upside or the downside.
I believe the next leg will be to the upside as projected.
Inverse H and S formed on GBPAUD we had bullish indicators.
7>21
Price>200 - Bullish
RSI >50 Higher lows
The trade is playing its course and as long as the uptrend support level holds, it's good to keep.
Target 1.8789
If the price breaks below, I would raise my stop loss to lock in profits.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders!
‼️ This is my perspective of GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. Price started the retracement which we can see better on 1H timeframe, I expect the continuation of retracement as we have and imbalance lower that...
After the cup and handle I called looks like we are still in a bullish continuation. Previous Daily candle might be a bit bearish, but keep an eye out on what the next daily closes at in the next 5 hours!
Hi
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed...
Hello #letsdothis
We had GA to drop to 1.8 area but look it was a retracement we wanted and it DID retrace but not UpTo the area we predicted (most of us)
I would suggest don't trade the counter trend if you don't want to be whipsawed while in trades let's be patient to react to what GA want to do
NB nothing is guaranteed in the market don't say it must do this...
Hello traders!
‼️ This is my perspective of GBPAUD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.80000.
‼️Attention!!! Due to the fact that we have news events on GBP on Tuesday and...
GBPAUD - 24h expiry - We look to Buy at 1.7875 (stop at 1.7815)
Previous support located at 1.7900.
Previous resistance located at 1.8000.
Price action has stalled at good resistance levels and currently trades just below here (1.8000).
A lower correction is expected.
Dips continue to attract buyers.
A move through 1.8000 will confirm the bullish momentum....
1. Ascending channel at previous daily resistance
Extra Confluence:
1. Round number (1.80000 level) within reversal zone
2. Cypher pattern entry point in reversal zone
Hello traders!
‼️ This is my perspective of GBPAUD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
‼️Attention!!! Due to the fact that we have news events on AUD next Tuesday and on GBP next Friday, the analysis can be...
Inverse H and S is forming on the daily.
We need the RS to form and then break up and out of the pattern.
7>21 MA
Price>200 - Bullish
RSI >50 Higher lows
Target 1.8789
