This is at a big support level so looking to take a long position soon. MACD is showing on the daily that this is still bearish as it is below 0. I expect this to drop slightly from its current position, if it meets the support area marked in blue then that could be a good entry point with SL just below the lowest point of the support. TP is set at 0.382 Fibonacci...
As we can see the Pair is in a longterm downward trend and is now approaching a key level (1.77500) nearing its longterm downwards trend line. I will be looking to short this pair down to its key support at 1.76000 Price also at the top of its rising wedge
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.
As we can see a flag pattern and TL test for bullish run. So we are expecting a long term bullish run after TRENDLINE TEST.
Our updated chart with 4 take profit levels
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...
GBPAUD, touches a very strong trend line! Watch out friends!
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.
Price will be pulling back soon, once support is retested we can go long on this pair
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
GBPAUD has reached @ strong support zone and also GBP is trading above 1.36000 zone as we predit it will gain more against US $ in our previous analysis friends we took this trade with a small risk and looking for higher rewards Push like it will be ur great love for us and help other traders to caught some good entries in this market Follow us for more updates...
I am expecting a significant sell off on this pair to purge the equal lows. Once the liquidity has been grabbed and we begin to see new signs of bullish structure, I would like to trade this into the target marked.
Preconditions: - Large Accumulation. - global trend down - local trend down - The downward movement will continue. Push like if you think this is a useful idea! Thanks for your support!
GBPAUD price is reject the strong level of support , GGBPAUD will go long
As we can see market is in following support and TL. Now we are expecting a fakeout near support for long up side move.