Buy: GBP / AUD SL @ 1.76820 TP @ 1.79690 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
After testing the previous support 2 times before and retracing, Likely to continue up into a long buy. The entry point for a long as GBP is getting stronger.
List of confluences: 1: Double Bottom 2: Trendline Breakout 3: Change in market structure. Risk Reward: 14.42 to 1
GBPAUD LONG - Buy Entry - H4 Chart Buy @ Market Symbol: GBPAUD Timeframe: H4 Type: BUY Entry Price: Buy @ Market PP Y1 - TP - Resistance @ 1.8390 - Yearly Pivot Point TP - Resistance @ 1.83149 Support @ 1.80098 Support @ 1.77497
1. H4 ICT Breaker 2. M15 BOS (Break of Structure)/BMS (Break of Market Structure) Potential TP Zones: TP1. 1.8300 TP2. 1.9100
This is for reentry for the continuation of the W pattern which is the double bottom formation. Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content...
GBPAUD has been on an uptrend and after reaching a key level has retested and reset the buying pressure. Likely to continue with the uptrend and SL risk is small.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
We are Expecting to buy GBPAUD from this H4 Demand 1.79039 to Supply 1.81882 after Confirmation, We are expecting big buy till the Weekly Zone 1.89913 Stay Connected for more updates.
In Weekly TF it has Bullish trend, Pull from Demand Level 1.77297 as it was Retested and Weak area, we have use Confirmation and we are Expecting it Buy till the Weekly Supply Level 1.89913.
#GBPAUD Analysis for the week. From the Weekly timeframe, Price has gotten to the Demand Zone that broke structure on the left which requires that we start looking to buy GBPAUD to the red target line - Follow for more updates #forex #fxtrader #Cordfx
Gbpaud daily buy zone wait for aproch buy zone i m expecting bullish move from demand zone are you ready
GBPAUD - 30M Price has finally broken the 1.8400 daily support where it was showing a very strong resistence, giving us a nice break with a new LL formation leading us to a perfect TP 2 yesterday, but today it seems like it is respecting the previous bearish structure forming a new one right below it so if we zee a break of the inner structure (red zone) i would...
The GBPAUD reversal is close to happen... It is almost on important support level.
GBPAUD has broken its previous Resistance level and now a Correction downwards could be seen for Continuing UPWARD Move ... So look for Opportunities to BUY from DIPS near Down Support.
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Price has rejected from the ascending trendline twice (1,2 follow through ;) ) and is currently sitting on that same trendline. Also, price is inside the previous market structure low zone and Stoch is oversold in the 1hr and 4hr timeframe.