GBP-AUD is making a bullish correction
While still trading in a downtrend
And after the price retests
The wide horizontal resistance above
A pullback will be expected
23rd September daily bar broke and close below monthly support 1.6875. wait for pullback (retracment) to test supply zone which is 1.6940-7020. Market is volatile use proper money management rules. stop loss 1.7070, target: 1.5950
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Sell. Enjoy the day all. Cheers. Jim
trendline 3rd bounce achieved along with rejections on 1.71000. looking for continuation to the downside, overall target 1.67000 and first target at 1.68000
After GA experienced a recent high on today's london session around 1.7100's. i'm expecting to close around the region of last two weeks low at 1.6890-1.6888.
GBPAUD (4H) has formed a strong bearish price action. After a double top, the price currently has tested the neckline of the reversal pattern and rejected to the downside with double Doji with lower highs. On daily, we see very strong bearish engulfer and price is likely to continue to drop as the lower timeframe price is showing significant rejection.
Press the...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Press like button if you enjoy this content 😊
GBPAUD is in downtrend from couple of month and found the bottom
now market is going bullish to retest the strong resistance and supply area ahead
look for bearish confirmations on lower time frames on mentioned area and sell GBPAUD with your own money management
always remember that patience is the key
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
Ill be waiting and watching price around the previous resistance (1.70400 ) to see if we can create a new trend to the upside or if price is going to just fall straight back down to 1.69500. Be patient and wait for confirmation before looking at taking a trade!!
So price has just taken out my stop at breakeven and I'm looking for further confirmation before entering again. Be patient and as always risk manage first!
Looking for price to once again push into this minor resistance to continue the consolidation range we have created. So ill be looking for a spike into the resistance sell zone of 1.70200 then shorting from there. Good luck!
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Press like button if you enjoy this content 😊
