Please, check our technical outlook for GBPAUD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.935. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.941 level. P.S Overbought describes a...
Market broke structure and we are retesting it now. if we get bullish candle closures at this support we can enter a Long position with a great 1:5 risk to reward setup. if the market does not close with bullish candles in this area and falls below then we will not enter the buys and we will wait for a good setup.
buying to indicated levels, we are in bullish conditions, with a 5min FVG + 15min OB. GBPAUD can go much higher as well, however i am NOT a gambler and im not greedy.
Market structure broke resistance now testing as support. we respected this area on higher time frames multiple times and now on 15m we broke structure to potentially rally 100 pips to the next clear resistance area where the market has not tested. great risk to reward setup. better confirmation would be if we respect the blue support zone.
Sell based on H1 setup Trend down Price bounced off resistance line
Market structure showing us LL and LH created. Broken support and came back retested made resistance structure. higher time frames at major resistance and when we go down to lower time frame we break it down to the market flowing sells. great risk to reward. can take more sells if we break this trend line for London session.
Bit of a long term outlook, could take a while to come to fruition.
GBPAUD analysis 1hr short position harmincs entry poition 15min rr=1:3
how did you do tha analysis on GBPAUD ? 1-general trend 2-determine zone resistance 3-determine harmonics XABCD pattern
Price has failed to mitigate our demand zone but started a shit from the imbalance. Lets see how we can follow price flow and get to the 1.94794 zone.
The price touched a retest area and now it goes down what do you think??
Market structure has been breaking down with LL and LH. Market broken this trend line and we are retesting it just in time for London session. tested support area became resistance. higher time frame we are at a supply area so when we break down to lower time frame we see a sell off. Great risk to reward setup.
GBPAUD bearish idea, as per 4H price structure is bearish, price retrace more than 50% fib level, most probably chance price will move to bearish, entry, stop loss and target price mention on chart.
-Broke previous low -(4h) demand zone is the target - Bullish falling wedge pattern is being created on higher time frame (4h)-(D), Take a close look, the target of my trade would be stopping early buyers on short term demand zones ( $$$) all the way to the main (4h) demand. And once price reaches this zone, we will be looking for a long term BUY ---> (BLUE...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
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 ...
Market created a lower structure came back to this support area and creating resistance. this would be a great risk to reward setup with a sell from here but to confirm sells further more you can wait for that trendline break and retest. this trade seems to make sense as of now. we are outside of london session so anything can happen. trade at your own risk!