The pair is showing downward potential on daily chart. Further, we are negative stochastic, and we have a resistance that is reasonable near @ 1.9338. The highest level recently was above 1.9420. Strategy SELL @ 1.9300-1.9345 and place SL above 1.9420. Profit level near 1.9137.
We saw a big push up (I'm guessing it was from UK inflation news) that stopped at a significant daily resistance and a psychological level of 1.9400. We entered a sell after LTF (H1) had a BOS letting us know some selling sentiment is at this level that could push the price back down.
Route for this week on this asset. You need to correct it before continuing to upload. Let's see what it brings us. We will consider the possibility of putting breakeven halfway through.
VANTAGE:GBPAUD Expecting Price to target consolidation Low (the last Lower Low ) next. Would like to see the Equal High taken and form there looking for a entry confirmation on 15MTF United Kingdom Australia GDP Growth -10 ...
Planning to initiate a trade on GBPAUD with a target at 1.93084 and a deadline set for January 25. Anticipating a correction, and this level is expected to serve as the correction point. Trades like this normally hit with in a day or two. I play very conservative so I can add positions.
All analysis are trickly based on price action movement from the DAILY and 4HR TF. Detailed description of analysis can be found on the chart. All input is greatly appreciated ! This is not professional advice
✅GBP_AUD is making a Rebound from the horizontal Key level of 1.9000 and as the Pair is in the uptrend I think that we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The price is rising to our buy entry level, bullish momentum could continue to push the price to our take profit level. Buy entry is at 1.93884 which is an resistance level. Stop loss is at 1.91842 which is a level that sits above a pullback support. Take profit is at 1.96856 which is an overlap resistance that aligns with the 161.8% Fibonacci extension...
The GBPAUD has reached a critical resistance level. While the overall trend remains bullish, I anticipate a pullback before seeking an optimal entry point. As illustrated in the snapshot, we can identify a prior 4-hour balance area. Projecting a Fibonacci retracement from the low to the high of this price swing highlights the 61.8 level as a potential confluence...
Happy New Year fellow traders! The market has a rather volatile start on the first week, which is good news. Not keen to touch USD pairs this week due to major events, so I am turning my interest to crosses instead. -------------------------- GBPAUD on HTF (Daily), price is currently at the previous Wave 4 range but did not test it (1.8500), so there is still...
We see GBPAUD approaching the weekly resistance, signaling a potential significant drop. Any thoughts on this trade? Please leave your comments.
Good morning. I am going long #GBPAUD at market price SL: 1.8747 TP: 19702
On this 4H chart for GBPAUD, you can notice that the price is forming a potential Rising wedge. The price is currently hitting a strong Resistance range. The wedge can provide a breakout here or go to a higher level and still provide a valid breakout. Monitor for development around those levels Additional confluence: Strong RSI Divergence
Trade Idea - Bullish Flag - Continuation Pattern - No Divergence - Buy Stop Triggered for confirmation of higher high TC - 1
BEARISH CONFIRMATION: .Sell when break its last HL .Divergence on RSI .Price action makes REVERSAL RISING WEDGE PATTERN .Sentiment high 93% on short position .Stop loss will be its last HH.
-SL @ 1.9317 🚫 (conservative) -SL @ 1.9268 🚫 (moderate) -SL @ 1.9230 🚫 (aggressive) SSO1 @ 1.9166 ⏳ SSO2 @ 1.9125 ⏳ TP1 @ 1.9040 TP2 @ 1.8930 TP3 @ 1.8850 TP4 @ 1.8725 BLO @ 1.8695 ⏳ SUPPORT @ 1.8625 📈 We've been waiting a while for PA to reach the SZ on this pair and we're finally there 🖥 We have GBP News @ 23:00 PT / 02:00 ET, which could be the catalyst...