Despite the identification of a reversal pattern that supports a bullish momentum, I am thinking of taking a counter-trend opportunity as the current structure suggests that buyers are yet to find the momentum to break through the key level at the 1.776 area. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks...
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!
GBPAUD rejecting from supply zone expected to go Previous resistance. Expected to give 150 PIPS.
A follow-up detail on the GBPAUD that was published in the course of last week's trading session (see link below for reference purposes) as we closed with a minimum of 150profits move in our last trade, the retest of the neckline of the reversal structure we identified on the daily/4H time frame will be a bullish confirmation. Then it is most appropriate that we...
The GBPAUD pair has been declining after the January 28 Lower High on the multi-year Channel Down. As long as the 1D MA50 (blue trend-line) is holding as Resistance, this bearish sentiment should continue to dominate. During the last Lower Low leg in July 2020, when the 1D MA50 broke to the upside, the selling stopped and GBPAUD turned sideways on a neutral price...
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!
Here is my view for GBPAUD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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...
The Pound has been trending higher since the beginning of last year and has since been rejected at A$1.915area on two separate occasions (August 2021 and February 2022) thereby leaving a clue for selling opportunity if the price does not break out of this area. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern...
Pattern: Channel Up on 1D. Signal: Buy as the price remains above the 1D MA50, which during the previous bullish leg to the Channel's Higher High, was the Support. Target: 1.96000 (just below the 2.0 Fibonacci extension). Extra indicators: * The 1D MA50/100 Bearish and Bullish Crosses happened almost at the exact levels of the Cup patterns. An internal...
High confluence sell area with multiple confirmation: - 61.8% Fib Retracement level - Previous minor flip/supply & liquidity zone (Red Zone) - Touch of bearish trend trend line - Break & Retest of counter-trend line (Watch for bearish candlestick signals) - Price has started to make lower lows and lower highs Entry: Wait for 3 or more confirmation with good...
The continuation of bearish pressures appears to be emphasized at the AU$1.89150/1.89550 area. Since late August 2021, it can be observed that price continue to reject this area as buyers find it difficult to push prices further. Following a continued rejection of AU$1.8950 which also makes a confluence at exactly 61.8% retracement of prior bearish momentum and...
A Breakout of channel negated my speculation on this pair as price continued to find new highs (see link below for reference purposes) and the appearance of a Double Top structure at this juncture in the market insinuates a risk of further decline if price successful breakdown Neckline @ AU$1.87800. Positive development unfolding as the Reserve Bank of Australia...
With over 600pips in our direction since my last publication on this pair (see link below for reference purposes); The price hit a peak around AU$1.85000 in June 2021 and has since then continued to find lower lows. The appearance of a Double Top structure on the chart is a very strong clue that hints at a reversal momentum building as we experience a significant...
Welcome to our Trade Setups - May 24th ( GBPAUD ) ! SELL GBPAUD ENTRY LEVEL @ 1.82784 SL @ 1.83895 TP @ 1.78335 Max Risk: 1% - 3%! Risk/Reward Ratio: 4 Leave us a comment or like to keep our content for free and alive. Have a great week everyone!
With over 200pips in our direction since my last publication (see link below for reference purposes), It appears we are at a juncture in the market that calls for another trading opportunity as the Bullish tendencies continue to build up from a Double Bottom structure. The British Pound to Australian Dollar (GBP/AUD) benefited as the first quarter Australian...
Despite moving over 250pips in our direction since my last publication; the Bullish tendency projected never gained significant traction as the price finally broke down the Bullish Trendline which also coincides with my Key level @ AU$1.80000 during last week trading session (see link below for reference purposes). As my previous Bullish bias appears to slip away...
I expected a short signal for 1H time frame; Keep an eye on this