Broken trend line, usually GA price action loves to respect trend lines. if you place them properly. this will for sure go to bottom of trend line start. hopefully volume can push us down to TP great risk to reward setup. higher time frames we are melting
Broken trendline broke structure came back and retested created new resistance LL and LH. looking for a short down to initial trend line bottom of support.
GBPAUD price is near the 1.96515 resistance zone if the price cannot break through. It is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
idea gbpaud long position analysis 1hr entry position 1.95150 stop loss 1.94850 target 1.96400
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
how did yo do analysis on gbpaud ? 1-general trend uptrend 2-determine zone support 3- rsi zone buying
Hello traders! Let me tell you why GBP/AUD, in my opinion, shifted to bearish. D1: - price breakout the previous low of the uptrend - price reacts from a supply that has an imbalance and changes the character of the movement (from bullish to bearish) - price reacts above fibo 50 - the last 2 candles are bearish and break the low of the 3rd candle (bearish...
Examining the price movement of 📈GBPAUD over a 4-hour chart, I identified a clear instance of a Cup & Handle pattern. The price has successfully surpassed and stayed above a key level, indicating strong buying pressure. I anticipate further bullish movement towards 1.9638. To enter the market, look for potential retests of the broken level.
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
. 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
seems like the price is losing momentum with divergence appearing
GBPAUD - there was a good correction to 0.5 FIBO which you could see on the chart. Also the zone of eclipse was so close to 200MA and diagonal resistance. The price reach out the supply zone which is strong one and if it breaks the zone, the possible entry should be taken in mind. The best entry is after retesting of the supply zone which may be will become demand...
broken structure respected breakout created support structure. higher time frame we are also creating support area. hoping for a nice long trade
Today's trading session did not a lot of fluctuations, the price touched the trend line and resistance area as well. I'll go with Sell as indicated. Sell @ 1.94300 TP: 1.93300 SL: 1.94540 Good Luck <3
Reason for the trade. broken trend line: retested broken structure and created support creating HH and HL perfect setup for London session. i do not see how this would be anything but a sell. lets hope markets don't get choppy or manipulate.
GBPAUD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell GBPAUD Entry Level - 1.9462 Sl - 1.9511 Tp - 1.9364 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! GBP-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.935 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/AUD pair. ✅LIKE AND COMMENT MY IDEAS✅