As we can all see price has been consolidating in a bullish channel. It has just broken and retested it which means that a move to the downside is due to happen next. More confirmations that lead to this move is the 1h MA (moving average) crossover and the strong bearish momentum that has recently been created. This was my analysis on GBP/AUD and I hope you like...
Please check the chart for the description.
Please check the chart for trade breakdown.
GPBAUD retesting a new support, GBP looking bullish. Keeping continuously updated.
GBPAUD Short Setup After the recent rally from a harmonic pattern setup, we could see price has made a resistance at the 50.0% Fibonacci Retracement Level. This double top could push price downwards
I have been watching this pair for a while now. we have a descending channel, not only that but we have the 200ema at current price action.
As we can see market is following Trendline (Since 1-12-2020) And now now create a bearish engulfing candle stick pattern which confirm a bearish movemnet.
How I plan on trading GBPAUD on longs and shorts!
Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money...
Hey traders, here is the analysis for the GBPCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPAUD is still under the bearish structure. So once we have a break of the current H4 zone than sell on a retest would be a very good option to target the low.
Nice Rejection at the intersection of the Blue and Pink Trendlines! Formation of a small Head and Shoulders. I expect GA to sell down
I would like to see a rejection from this zone I have marked out before continued upside, I will be monitoring this pair closely today. I do believe we could see a sweep of the support before it scoops to the upside.
Hi Traders, On the following confluences I like to Sell this pair. 1. Down trend. 2. Key Level (S/R zone) 3. Supply Zone 4. Bearish Pin Bar as price rejection and downward signal. Good Luck
CONFLUENCES: - Bearish market structure confirmed by EMA Crossover and previous rejection of trend line - Rejection of 61.8% Fib area - 1Hr shooting candles signifying bears are stepping into the market