GBPAUD Forecast potential long!GBPAUD has a potentail long if it presents it self. I will be waiting for a confirmation entry and more PA to develop. GA is not far of a big figure 1.7800. I will see how price reacts around here or if it drops further to my next Price of interest. Ga has filled the daily imbalance. Trade Management and consistency is the key to success!! Follow us for more forecasts!
Gbpaudlong
GBPAUD - Daytrade by Keltner - ADX - Stochastic 1 Mar 2021ax risk: 2%
1. Trend identification:
... Keltner channels: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry.
... Stochastic indicator:
...... k> 80: Uptrend. k< 20: Downtrend.
... ADX indicator: 31 provides a strong trend following signal.
2. Entry point:
... Price corrects to Upper / Lower when 3 conditions Keltner, Stochastic & ADX indicator meet.
3. Not trade Friday.
GBPAUD - Possible move, short to 1.77020 or long to 1.80000As seen on the chart, price can breakout of the demand zone at 1.77863 downward and continue to short. Or the demand Zone can push the price upward back to the supply zone at 1.80000.
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GBPAUD DThe price was able to breach the important resistance at 1.79867, with the breach of a downtrend as well
We also see a strong rebound of the candlestick of the day from the SMA 50
If we go back to the one-week timeframe, we will see this week's closing above the aforementioned resistance with the breach of the downtrend
We also have two harmonic models (Butterfly + Shark or what is called XABC or XABCD)
I previously proposed a previous analysis (the butterfly model), which achieved two goals and was very close to the third goal
Currently at the level of 1.79867, we will see the rest of the levels, God willing
Exit from the position in the event of closing below the level of 1.77189