Hello traders! PrimeXBT is here again with another technical analysis breakdown, and today we are taking a look at GBP/AUD . Currently, escalating tensions between the US and Iran are threatening to throw the global political and economic situation into further chaos, dampening market confidence in the risk-sensitive Australian Dollar (AUD) today. Australian...
We have a strong bullish engulfing at Key Zone Support. With 15 min volume change and structure break to give us confluence for a entry to take the market up keeping in mind this is a bearish market. Taking profit at key zones and previous consolidation areas.
more chances for completion of the H&S pattern
The MA have shown momentum shift into a bullish push. Price has stayed above the psychological level with a bullish engulfing signalling momentum into a bullish one with a retest to give us a entry to take the market up.
GBPAUD Bearish Trend Setup
Trend line confirmed, uptrend continuing Fib point identified, i expect GBP price to increase to 1.90613 (Fib Point 0.236) and i expect it to increase further and exceed fib point starting position which had a gbp price of 1.95
GBPAUD new leg lower. Get me some feedback on my Instagram.
GBPAUD Still waiting for GBPAUD to come a bit lower before I think about taking a trade. Seeing both Pound and Aussy strength so GA is showing some indecision and is going a bit sideways for the time being. As always if I see any change in the market I will let you know!
GBPAUD Breaking down GA as it was requested from one of our forex alchemists! You ask and I will deliver! As you can see in the technical analysis above GA has been a bit tricky. We experienced multiple fake outs to the downside which is expected. This is why you don't just jump into a trade when all you see is a simple break of a trend line. I always say there...
GBPaud LONG ANALYSIS - 1. ON KEY WEEKLY SUPPORT LEVEL 2. DAILY TIMEFRAME SUPPORTING UPTREND 3. PINBAR REJECTIONS OF SUPPORT LEVEL 4. DAILY TRENDLINE REJECTION
... I need to borrow some chairs haha. But seriously if you are alone at Christmas there are always groups or people out there that will take you in for the day so you are not alone, i am 1 of them i will be having 2 spare seats at my table that i will be giving to homeless people... Nobody should ever be alone! On the chart we can see GBP pairings are making...
GBPAUD Pushing to the downside a bit right now. That being said for the time being support looks to be holding. I have a similar bias to GU I believe that we were going to push back up and fail to make a new high and then we are going to roll over to the downside. Keeping a very VERY close watch on all GU pairs.
GBPAUD SELL NOW BECOUSE WE SEE TWO CONFIRMATION NUMBER ONE WE SEE THE ACDENDING CHANNEL NUMBER TWO WE SEE THE HAIGH TEST OR PIN PAR CANDLESSTICK SO I CAN SAY I HAVE BIG CHANCE NB : BE CAREFULLY ANYTIME THANKS GUYS I HOPE GOOD WEEK FOR US
If the resistance at 1.92205 doesn't get broken, I'll be looking at the 1.90650 - 1.9043 region as a possible short term target.