A second round for going lower with GA as GBP weakens.
GBPAUD Created Bearish Flag im expecting it to bounce back to the downside to test strong support @ (1.71737) before we can have strong upside momentum. key area to watch will be our strong resistance @ 1.8000 we will be waiting for reversal signs for confirmation
GBP/AUD bearish on higher timeframes and shorts have been favorable this week. Looking for another move down soon maybe early next week. Will look for entries and update.
GBPAUD has been trading in bullish parallel channel and it gave a break below on 27th Apr with price testing the support zone. We saw a retest towards the break below region as if forms a lower high (Confirming bearish trend). Now the price is heading towards the support area again and we will look to sell it if the support zone is taken out. Trade your levels...
According to my very simple analysis this should be short for GBPAUD pair well, fundamentals are on AUD side as Europe is going through bigger hardship
> Price retested 1.76500 and got rejected. > Price has a huge bearish momentum on higher TFs > Anticipating price to find resistance around1.75500 and retest 1.76000. > Sell limit @ 1.76000 with stops above 1.76500 > Targets 1.75170 - 1.74100 respectively
Hello everyone, sorry I haven't posted in a while. I've been too lazy in publishing but have been taking trades on the low. Now to today's business. We have a possible retest of the broken trendline and support. Therefore if I see a bearish reversal at the STR(supportturnedreversal) it's a good sell. Another confluence is that the price broke support and trendline...
As we see on the monthly frame, the price made a retest of the monthly resistance, and on the 4H frame, the ascending channel was broken, and on the daily frame, you will see a strong rejection candle, good luck If you like this idea, do not forget to support with a like and follow
On the H1 time frame, prices are showing bullish order flow, with higher highs and higher lows being formed. A pullback to test the support at 1.75822, in line with the 127.2% Fibonacci extension, 78.6% fibonacci retracement and ascending trend line provide an opportunity to play the bounce to the next resistance target at 1.79551, in line with the 200% Fibonacci...
GBPAUD has been giving a breakout from horizontal level of 1.77400. This area remain hurdle for the pair as the price has took rejection from it multiple time. We are expecting the pair to move up and test new highs from here.
GBPAUD at a point of resistance. Has been on a downtrend and is likely to continue with downtrend.
Here is my view for GBPAUD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
RSI Below 50 and under SMA. It's resistance as well. Bfore entering the trade do your own research.
A follow-up detail on the GBPAUD that was published earlier this week (see link below for reference purposes) where we locked in around 70pips before price action took us out. Now we are at a very critical level (1.76) where a breakout of this zone (supply area) might incite a bullish continuation. However, considering the long-term bearish momentum on the higher...
GBPAUD after giving a breakout from bearish parallel channel, moves into bullish trend which is well supported by rising support. We have hidden divergence which means limited upside left in shorter term. Trade your levels accordingly.
Despite the obvious, that price action is currently sitting on a strong demand zone; I shall be looking for an opportunity to sell the Pound against the Aussie in the meantime if the price does not break out of the structure explained in the video. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has...
GBPAUD is about to give horzontal breakout from the level of 1.75100 where price remain for couple of hours after giving a breakout from falling bearish trendline. Alternatively breaking below this range can call bears in the power. Trade your levels accordingly.
Hello Traders Last few weeks were so harsh for GBP/AUD as this pair had a non-stop falling. Now its seems GBP found some space to breath. We believe Price will see some Correction. Also: 1- We can see Dragonfly Doji Candle in Weekly TF. 2- Downward Trendline has been broken. 3- We can see RD+ in RSI. 4- RSI has broken its downward trendline. Thanks For...