A good level to watch out for a sell in GBPAUD. The previous bearish wave has been retraced almost 61.8%, a good rejection at that level and possible divergence on H1 should present us with a sell opportunity down to the channel support.
Hi Guys In this chart we are in pullback trend to the buy zone area then the downward trend is continuing Dont forget put stop loss then Tp and watch the trend is changed and we are only the short position we take position according to the trend We should check the news and fundamental for continuing the downward trend we will update it next week guys please...
We see a rejection from our key level now. We will enter a short trade when price builds a bit more bearish momentum as we have seen price reverse from this point before.
Hi traders. I'm seeing strength in AUD pairs. This pair has broken trend created a triple top and has bearish momentum pushing. I'd like to see a small pull back before I enter this trade.
Hi...chart looks a bit messy but clear at the same time...it's gonna drop imo! USE PROPER RISK MANAGEMENT!
The market has traded below todays low and has broken structure. What is expected now is for the market to retrace into the 15 OB which is unmitigated
High RISK due to strong GBP movement at the moment. GBPAUD reached to previous support level, which may have turned into supply zone introducing sellers. RSI on lower time frames are also very much over bought, so a cool down period should be expected. SL: above 1.87826 TP: Fib 0.236 of recent gain GL
GBPAUD is reaching Weekly and monthly resistance short on the break and close below the TL and support at 4H Chart
Scaling-in opportunity on our previous GBPAUD idea, the level @ 1.88530 is a good level for adding other positions. We will target 1.85480 for TP1 and 1.80450 for TP2. All the best!!!
Multitimeframe analysis (3-3-5) complete now a lower timeframe (3-3-5) 5 WAVE DOWN
So we took entries in the Conservative sell zone and it is going great so far. Locked in some profits @ 50pip mark and now looking for 100pips final target.
after the pair gave us a strong bearish movement we waiting for price to give us a retest at the minor zone so that we may continue with our shorts positions
We have broken minor structure on the lower TF to the downside, so we decided to mark another aggressive sell zone for New York Session.
GBP - Strong Bearish 1️⃣ Former Democratic Union Party (DUP) leader Arlene Foster has raised concerns of irreparable damage due to the deadlock over the Northern Ireland (NI) protocol. 2️⃣ UK Prime Minister Boris Johnson intends to pursue tax hikes despite objections from his Cabinet. 3️⃣ The UK has recorded 37,011 new COVID cases and 68 more coronavirus-related...
So GBP/AUD gave a perfect reaction in our Aggressive Sell Zone from the previous analysis. We are still very bearish on GA because of the fact that the Conservative Sell Zone has not been tapped yet.