British Pound / Australian Dollar GBPAUD

GBPAUD, Bearish candle H4

Analysis : This currency has been going up since August 25th 2017 The abstraction of trendline (trendline is very subjective, thus i called it abstraction line), noticing us that the currency is low in demand (or in terms of Dow Theory, doesn't make Higher Low), it creates Lower High instead, broken down the Strong Demand Area around 1.7600 Turns out there is ...

If price breaks the rectangle, its going down atleast 150 pips As line is between the red and blue MAs , shows the market is still in indecision. however the price has crossed out blue line which means its a bearish signal, therefore if it crosses the red line ( which falls precisely on the rectangle) will be our confirmation for sell entry. TP = 1.75822

GBPAUD_D1

entered again :) no more words needed

GBPAUD is approaching our first support at 1.7706 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.8242 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout above our intermediate ...

Tested back into the resistance zone, a Gartley is formed. Will observe the candle form up when moving towards the entry price.

Sill holding this short trade . Sometimes the market takes weeks / months for your positions to play out. So plant your trade and detach from the market as mush as possible . Take away all emotion and don't chase your trades/market .... PATIENCE !!!

Long-term and Short-term analysis have both indicated a strong bullish run. Three entry points. Price action should indicate the next steps. Good Luck!

Price is still range bound below key resistance / 50 fib pullback region. 4 weeks of consolidation now, waiting for a break of the 200 pip consolidation box range before I trade this pair. Once there is a break price will make a large move & build up momentum. It is a waiting game now

SHORT

a shark pattern is completed on gbpaud.

Hi Traders, another top down analysis here. Not much on the lower time frames in the lines of advanced patterns. However this may present an opportunity for the lower time frame traders to keep an eye on these price levels for price reversal. Always a good idea as well when performing your analysis to make price alerts. This way you wont miss these key area's. I ...

Hi Traders, The GBPAUD is breaking down, I'm expecteing that this trade will go to the bottom for possible continuation for the down side, If you managed to sell at good price hold you position. Best Luck Omar

Simple Structure trade

GBPAUD and GBPCAD demonstrate historically high positive correlation (0.9). The crosses currently offer a mirroring long breakout setup from the narrowing triangle structure. The orders' confirmation comes after 1H candle close above the resistance trendlines. Hope this helps.

currently long on this pair, but still waiting to confirm by breaking the tl. If it breaks I will build up more long positions

Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept. *Please hit the zoom-out button once* (or more if you're feeling wild) This may look like a mess, but the last few "bars" on the chart are holding some useful information! I'm sure I'm not the ...