FX:GBPAUD Has broken the most recent H4 trendline and equally broken the strong support around the 1.92000. I will wait for the retest of the zone before taking an entry around the 1.92000 area. When that happens, I will target
1. 1.90380 and
2. 1.89187
with my stop at 1.92696
A break above the 1.93208 will mean the bearish condition is invalid and will look...
The GBPAUD pair broke below the long-term Channel Up that it has been trading in since the start of the year and a Channel Down emerged as last week we had a rejection on the 1D MA100 (green trend-line). That is the top (Lower Highs trend-line) of the Channel Down and the most optimal sell entry. However the 1D MA200 (orange trend-line) is still supporting, so we...
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPAUD currently for me in a neutral phase. A break above the 1.90719 and its retest, I will look for a long position while a break below 1.89722 and its retest will indicate a short. Until then, fingers crossed
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past...
The GBPAUD pair has broken below the first Channel Up (dotted lines) and in extension the 1D MA100 (green trend-line). Currently it is testing the bottom of the second (and final) Channel Up (blue). Technically that is the most optimal level to buy for the medium-term and target 1.997800 (Resistance 1). On top of that, the 1D RSI bounced back after becoming...
My initial entry was at 1.98235 after breaking out of the consolidation area, we saw a continued drop till it broke through the 1.96611 area. As it stands, we have a pin bar on the H4 at same area as a retest for the continued downward move which shows some rejection of the area. If I see some bearish pressure further at this area, I will take a sell. We wait for...
The GBPAUD pair hit our previous Buy Target as presented (see chart below) last month:
The price has now been pulling back within the 7-month Channel Up in search of the next Higher Low. This should be formed at least on the 1D MA50 (blue trend-line) as it did twice before. As a result, we will wait for that buy opportunity and target 2.01500 (1.236 Fibonacci...
The GBPAUD pair gave us an excellent buy signal last time we looked at it (see chart below) on May 9:
The price remains within the 6 month Channel Up pattern and is currently rising after a Higher Low formation on the 1D MA50 (blue trend-line) early this week. This is a bullish signal, based on which we are targeting the 1.97300 Resistance. That would be a...
Pair : GBPAUD ( British Pound / Australian Dollar )
Description :
Bearish Channel in LTF & STF as an Corrective Pattern
Break of Structure
Impulse Correction Impulse
Fibonacci Level - 61.80%
Head and Shoulder
The GBPAUD pair is trading within a Channel Up pattern since the February 02 Low. With the 1D MA50 (blue trend-line) supporting, it is attempting to fill the Gap form January 28 2022 and test that Resistance. As long as its holds we will be bullish targeting 1.92300. A closing below the 1D MA50 will be a sell signal, targeting the 1D MA200 (orange trend-line) on a...
Hello Traders We are looking at GA Buys So Breaking it down Educationally For Understanding So On The Daily TF We Noticed Price Creating HH And HL Even Before That GA is Currently On A Bullish Trend, so Price Broke Out A Resistance Making that Level a New Support Level Which Is Our Higher Low (HL) So Before We See A Buy Moves We Wait For Price To Retest Our HL...
Here is my view for GBPAUD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The GBPAUD pair is consolidating around the 1D MA200 (orange trend-line) after almost a 1 month non-stop fall (since December 21). The next Support level is at 1.73500 and if broken we will extend selling towards the 0.786 Fibonacci level at 1.6878. Then reverse to long-term buying targeting 1.8600 (below the -0.236 Fib and the Higher Highs trend-line).
If...
The GBPAUD pair has been trading within a long-term Channel Down pattern since the start of 2022 and most recently (October 17 and 28) it hit its top (Lower Highs trend-line). This has turned the short-term price action into a smaller Channel Down (red), which is loosely supported by the 1D MA200 (orange trend-line) and resembles the pattern of January 28 to...
GBP-AUD went up today
But now the pair has reached
A horizontal resistance level at 1.79315
So at least a tiny pullback
Is to be expected from the level
The GBPAUD pair has been trading within a Channel Down pattern since March 15. At the moment the price is on the bottom (Lower Lows trend-line) of the pattern, below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) with the 1D RSI on the 30.000 oversold level.
That should be considered a short-term opportunity by itself towards the top of...
GBP-AUD broke a key horizontal level AT 1.70335
As the pair is making a bullish correction
From the last bottom formed
And we are seeing a bullish breakout
Of a horizontal key level
Which indicates that after the pullback
And retest the pair will most likely keep growing
The GBPAUD pair has started the week on a strong note, with the current 1W candle being the longest green (so far) since September 21 2020. That shows incredible buying sentiment especially following a 1W MACD Bullish Cross and the 1W RSI being on Higher Lows since April 04 2022. When the price is on Lower Lows, as is the case now, this is a Bullish Divergence...
