The British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity super cycle and a decline in China’s growth.
I will be taking two trades here: A long to 1.80 area A short to 1.59 area why short? Pound is still weak af why long? There is still more upside to cover. There are equal highs that are too obvious for algorithm to ignore. Also the uptrend is not done yet.
GBP-AUD is making a bullish correction While still trading in a downtrend And after the price retests The wide horizontal resistance above A pullback will be expected
Hello traders! ⁉️This is my analysis on GBPAUD . Here I expect price to retrace to fill the imbalance below and if price rejects from bullish orderblock + institutional big figure 1.71000 I will open a long position. Pay attention on news about Cash Rate on AUD that will be announced on Tuesday. If we see an increase of rate, it means strong AUD, that will...
price make bearish channel pattern before but the price already touch the support from the channel and it will be chance for bunching up to the target, the other confirmation has made it like big green candle so i can take a trade on it. Remember use your own money management
From the daily time frame we can see GBPAUD is still on a bearish trend with the formation of lower lows and lower highs. A break of current structure will see price selling down to the next level of support on the daily and weekly timeframe. A break above the daily high will invalidate this setup
After GA experienced a recent high on today's london session around 1.7100's. i'm expecting to close around the region of last two weeks low at 1.6890-1.6888.
GBPAUD (4H) has formed a strong bearish price action. After a double top, the price currently has tested the neckline of the reversal pattern and rejected to the downside with double Doji with lower highs. On daily, we see very strong bearish engulfer and price is likely to continue to drop as the lower timeframe price is showing significant rejection. Press the...
GBP-AUD broke the falling resistance Which makes me locally bullish biased So I think that after the pullback and retest We will see further growth
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis. Press like button if you enjoy this content 😊
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
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
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis. Press like button if you enjoy this content 😊
03/09/2022 1 Structure Weekly : bearish 2 imbalances :\Target marked 3 Current Move weekly : impulse 4 Entry TF : h4 4.1 ETF Structure: Bearish 4.2 move : Impulse 5 Support Resistance: resistance at OB 6 FIB: 7 candle Pattern: momentum 8 Chart Pattern: falling and base 9 Volume : high volume VAS 10 Momentum: below 40 bearish (RSI UNCONVENTIONAL) 11...
Australian dollar fell after building approval data came at -17%, while only -5% was expected. GBPAUD had broke the resistance of the falling wedge pattern. RSI is above 50 and MACD histogram is above 0 line, plus the instrument is above both its 20 and its 50 MA, which is a bullish scenario. If this scenario continues, we might see increase of the instrument's...
This is my breakdown gbp/aud after observing it for weeks. I have been patiently waiting it to hit my diagonal the weekly support ray. Looking at the 4h timeframe, i think it will hit the line by the end of the day or before. Will moniter price action at the 15min chart, and look for rejection and conformation before taking a long trade. The daily price range is...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis. Press like button if you enjoy this content 😊
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!