This pair has been in a long downtrend and has recently pushed up to an a supply zone. We may have an opportunity here to short this pair and potentially gain 4/500 pips on a 1:10 risk reward ratio if the longer term downtrend continues.
I recommend to buy the price is going up
Lower Highs & Lower Lows and a strong impulse to the downside confirming the breakout. Want price to start collecting liquidity, before a full move to the downside.
MY ENTRY: 1.79101 MY SL: 1.79460 (36 PIPS) MY TP: 1.78300 (80 PIPS)
Here I explain why I think we could see a nice move to the downside to around 1.77500 after we have seen a strong rejection 1.80000. Thanks for taking the time to watch. leave a comment if you agree, disagree or have any questions :)
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/AUD ⚪ Technical Analysis : Since the 27th of January 2021, the price has been moving following an interesting ascending...
Double top at major key resistance followed by RSI divergence. Sell position.
GBPAUD BEARISH BAT PATTERN Market Sell Order Set Up. Sell Entry: (1.79757) Min Take-Profit: (1.77810) Max Take-Profit: (1.76422) Stop-Loss: (1.81357) Max Risk-Reward: (1.50) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
GBPAUD has yet to show us any breakout strength. I am expecting price to retest 1.7964 resistance level and clean rejection there will give us a great short opportunity. As we can see, GBPAUD has been consolidating within this support and resistance level for sometime. If price breaks below my moving average lines, we can expect a great BEARISH movement to the...
GA Gonna Short for Hidden Bearish Divergence 1st TP 1.7866 2nd TP 1.776
Within support we have a double top that has formed. We also have RSI divergence which is an added bonus for the short.Wait for a red kicker candle for confirmation of the short before entering a sell with around a 2/1 reward/risk.
Hey traders, I'm currently short on GBPAUD. Let me know your thoughts below.
Hello everyone! I am sharing this possible next trend for the British Pound against the Australian Dollar. We observe that there are many zones were liquidity has not been taken yet (at the bottom of the wicks market with € ), while many of them were hit ( x ). This is why institution are probable to point towards that liquidity pool in order to gain from...
GA broke out of a bullish channel, and is retesting the trend line. The trend line is also a .618 fib level. With all the confluences, we can expect a good rejection of the level, and a push towards the downside. My first tp would be around 1.75554.