We will be buying the GBPAUD after price has printed a doji candlestick on the daily while keeping in mind the overall bearish outlook printed on the monthly and weekly.
Sellers have had a clean run down with very simple breakout retail patterns, have the banks made it too easy for them? Or will they return to capture some of that fine liquidity? I believe we will see one last push down before we tread up aggressively for NFP. Let me know what you think in the comments below.
GBPAUD create hidden bullish divergence in daily! So its gonna bullish after continue momentum.
Price retraced to 23.6 on daily and stalled out at matching D extension, looking for potential deeper retracement. Retracement to 61.8 could be head and shoulders with daily 38.2 pullback. Looking for bullish break of TL on lower TF.
Our intraday trade got blown out of the water. Sticking witht the daily set up from three Sunday.
Interesting opportunity in this pair, we are approaching a big support that can turn this downtrend around, I would look for buying entries around 87750 but if this pair manages to close below this support we can see a big downside potential so if that happens look for a retest of this support that wiill be turned resistance and enter in a short.
Hey traders, here is the analysis for the GBPAUD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
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GBPAUD decisively broke the up trend line and now on a potential direction going down hill, the impulsive move on last Friday was contributed by the dollar weakness I believe. I did have a long setup on Friday which got stopped out by the sudden drop with some good profits. By the look of it, I believe GBPAUD is due for a correction for at least 0.3 - 0.5 fib...
GBPAUD has been in ascending channel for many weeks and the base has not been broken in many occasions, now that it is in the same situation again I expect it to follow the same pattern. There's also a change that it may choose to break the trend line because it has just reached to yearly ATH at 1.91597 and now may want to do some deep retracement. On that...
It seems that the resistance that has been hardly broken has become a good support for the price and we will see the price rise from tomorrow. Provided, of course, that the specified support area is not broken and stabilized. The price target can be considered 1.9200.
Trading above the psychological level of 1.8900 and going with the trend, we have a bias bias to BUY this cross between 1.8900/25. Target potential is 1.90 big figure and probably 1.9025 to 50.
secured 200 pips for sells . now we catch the big move , the big boy timeframe . risking 30 to 50 pips for 580 pips long for this pair
1) Breaks The Trendline 2)Price Tested 1.90559 Key level & We see bullish momentum. 3)Price is above Rsi 50 Level. 4) Price is above 200 Period Moving average.
Base on the 1-hour chart price action there we have a possible selling opportunity for intraday (day) traders. But the main scenario is looking for buying opportunities in the latest structure zone. fundamental: ausi is extended its lockdown until September end & Sydney flooding with protestors.
The H4 charts show that the pair is in strong uptrend. Entry price should be 1.8857. Target 1.90 Big figure
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
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