Long opportunity GBPAUD. When price hits 1.88802 which is 61% past no most recent support level and 66% of the bullish impulse that started at 1.86000. Price should go to at least 1.90414 for a 200+ pip move.
#GBPAUD is approaching its Daily Demand Zone and Daily Order Block, approximately 250 pips away. Risk-takers may consider a sell entry till the demand zone of 1.87235-1.86023. However, our strategy focuses on a significant buy opportunity after price rejection from this zone, price has already been mentioned. A potential buy of 200-300+ pips could be captured...
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Here is our detailed technical review for GBPAUD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.916. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.930 level. P.S Please, note that an...
Dear Traders, GBPAUD is in process of repeating the same pattern that is has made, price currently in form of making strong bullish impulse however, based on how previously moved and behaved suggest that price can drop to our safest zone and entry number 2 from where we can take swing buy. However, with the first entry we can expect price to continue the bullish...
The market is pulling back to the resistance zone. FX:GBPAUD bounced off the resistance by forming impulse movement before. The market overall is in the range zone. Even though it broke and closed above the downward channel. I think it might go down to test support if the resistance rejects the price again. It might create a long-tailed bar at the resistance and...
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Do we all love GU? So, whats behind this setup? lets see how FX:GBPAUD plays
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Hello Billionaires! It looks like a good time to buy GBPAUD from the order block. Just remember to keep an eye on the market in case things change. Also, make sure to protect yourself by setting stop-loss orders below the support zone to avoid big losses if the market suddenly goes down.
This chart presents a bearish outlook for the GBP/AUD pair. It is moving within a descending parallel channel, indicating a continuation of the bearish trend as observed on the 4-hour chart. Additionally, the RSI follows a similar descending path, reinforcing the channel's price movement and suggesting strong support for an impending rejection. Therefore, we can...
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GBPAUD Buy Limit @ 1.9100 Stop Loss @ 1.9040 ( 60 Pips ) (Swap and spread are not included.) Be sure to risk 1% of your account balance Take profit 1.9380 ( 280 Pips ) GBPAUD Buy Now @ 1.9155 Stop Loss @ 1.9110 ( 45 Pips ) (Swap and spread are not included.) Be sure to risk 1% of your account balance Take profit 1.9310 ( 155 Pips )
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
GBPAUD is moving in a descending channel between the trend lines. The chart bounced from the support level and is back above the dynamic support level. We expect a continuation of the bounce from the level coinciding with the 38% retracement of the last bearish impulse. ------------------- Share your opinion in the comments, and support the idea with a like....
Price reached the imbalance area after making a lower low, looking for price to extend to the 27.1% extension fibonacci level.
Price currently will do a short term sell retracement for its move towards the imbalance area. Look for entries at 61.8 or a deeper 78.6% fibonacci retracement.