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 !!
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...
There was a short trade opportunity recently on the pound-aussie trading chart 📉 after price rejected the confluence of the 1.92279 horizontal resistance level and the upper line of the parallel channel.
This is indicated by the bearish harami candlestick pattern just below the same confluence; there's even a confirmation of a downward trend 📉 by the next bearish...
Hey Traders,
Check this sell opportunity on GBPAUS, after the break of the lower band ascending channel.
Price went back up to retest and confluence with the previous OB / supply area.
After the break of the ABC pattern, a sell opportunity can be look for.
Alternatively, a break above the supply could mean more bullish movement
Stay close.
This is the quick analysis of GBPAUD as on May 09, 2023 to plan your buy or sell trade setup. Use tight stop loss in both the scenarios. Do your own research before entering into the trade setup.
All major points can be seen on the chart itself
Thanks for your support
GBPAUD: Price to retest support before a push to the downside.
-10 EMA to cross 20 EMA to the downside.
- Price to test 100 EMA on the 1H timeframe.
RSI: The RSI indicator to cross Simple Moving Average to the downside. on the 15m and 30m timeframe.
MACD: EMA crossover to the downside on the 15m and 30m timeframe.
Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and to take liquidity below equal lows and then to reject from bullish order block.
Fundamental analysis: Next week on...
welcome
here is my gbpaud short idea
not easy to get an idea of what is more likely to happen
market is bullish on monthly tf, bearish on weekly and daily
may we see a test of lower price region of 1.8250, because price made a bullrun from the without testing
im thankful to see how this setup plays out
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
4H TF: 20EMA crossed the 50EMA to the downside and is currently testing the 100EMA.
Daily: RSI and MACD starting to look bearish
Weekly: I expect a retracement on the weekly TF to at least the 0.236 level, after a bullish run.
GA is still bullish on the monthly TF, so I'd keep an eye on that.
Happy trading!
welcome
here is my gbpaud short idea
its based on
market structure, market created 3 higher highs, which represents a bullish W
after creating bullish W, short is expected
market struggled massivly to close higher than last higher high and traded downwards
im thankful to see how this setup plays out
