GBPAUD has broken out of a downtrend channel I am expecting a pull back to move higher. there are multiple confluences to look for a buying opportunity around my area of interest.
Price has been trading inside the given upward channel since September 2022 . Recently , the price reached the pivot line of the Channel and has shown signs of rejection to the downside ! My next Traget will be the lower limit of the Channel i.e. 0.83700 which is also is the 0.382 retracement of the previous move above , henceforth making it a strong support point !!
Seeing how the trendline is well respected, it seems that it is most likely to continue the bearish trend more positively. take a short position with a small risk, most likely it will fall deep enough
nothing has changed, I'm still in the short position.
there is a chance to adding some volume on the blue box up ahead.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks...
Continuing last week's analysis, I think the price will continue to fall, we are just waiting for confirmation when there is positive confirmation for the price to continue being bearish. price target to the lower trendline in wave C
Here is my view for GBPAUD on D1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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.
Here is my view for GBPAUD on April 26th. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello Traders I’m back GA updates, few weeks back I talked about GBPAUD bullish run so it’s time we can say the buys we have been waiting for has come pips target on this trade is around 279 pips so traders let’s take good advantage on this Trade. Happy Sunday guys . Tell me what you guys think about GA.
Here is my view for GBPAUD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello Traders We are looking at GA Buys So Breaking it down Educationally For Understanding So On The Daily TF We Noticed Price Creating HH And HL Even Before That GA is Currently On A Bullish Trend, so Price Broke Out A Resistance Making that Level a New Support Level Which Is Our Higher Low (HL) So Before We See A Buy Moves We Wait For Price To Retest Our HL...
Dear Fellow Traders, we have a good opportunity on GBPAUD , at least we are expecting 400 pips out of it.
what do you all think comment down your view!!
Hello Traders,
Hope you all are doing good!!
I expect GBPAUD to go Down anytime soon from the blue zone .
We will internally monitor the price action as the wave will progress.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own...
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.
Pair : GBPAUD ( British Pound / Australian Dollar )
Description :
Bullish Channel in Short and Long Time Frame and Breakout the Lower Trend Line and Retracement
Break of Structure
Trend Reversal with LL - LH
Divergence
Rejection from Resistance Level
Double TOP
