I am looking to go short at the area marked on the chart if price would permit me, else I'm fine staying out of the trade. This pair has been trickling it's way up gradually forming patterns. I'm keen to see how this develops.
Hey traders, here is the analysis for the GBPAUD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer- This is not financial advice.
A Series of Higher Lows forming as pressure is put on the resistance. This means the market is showing bullish intentions even before the break occurs & when it does, will likely be successful.
Idea created by analyzing price action from multi timeframe with Fibonacci retracement as indicator. Please COMMENT bellow if there's any question. LIKE & FOLLOW @HM_fxtrading for more updates everyday.
If the back test is a good long opportunity, but similar to the previous gbpchf, it may not be back tested, and is expected to rise at least 2 stalls. It's under pressure right now.
I will watch price action/rejection from the 382 fib, if we get confirmations I will enter long using the the 100% as my TP1 and the other fib numbers as my further targets!
- H1 and H4 trendline broken and retested signaling a possible structure change - Also see what could possibly be a Head and Shoulders pattern, so I sold on the right shoulder - May also be a Fib retracement around 78.6
GBPAUD - ABCD completion plus nice rejection & reversal (We missed 100 Pip drop here (My fault again, travelling and wasn't up at the time the drop happened) However price pulled back and is still making lower highs/lowers, I've now entered this trade at currently level with the targets of: EURUSD INSTANT BUY ORDER ENTRY 1.17768 TP1 1.18050 TP2 1.18250 TP3...
Looking for a retest on the BMS zone. I'll do Buy limit at 1.8608 TP1: 1.8666 TP2: 1.8700 TP3: 1.8800 SL: 1.8550
1, 2, 3, 4 & 5 or an ABC short. Clean break and 78% fibonacci deep retracement. Retracement can be see in 1hr for confirmation I'm not pulling the trigger too early.
Welcome back Traders, Investors, and Community! Hi Traders, GBPAUD on H4 has made a Bullish Flag, If the price gets out of the Flag below 1.8498 we can look for potential entries. ⬇️Sell now or Sell at 1.8665 ⭕️SL @ 1.8756 ✅TP1 @ 1.8498 ✅TP2 @ 1.835 ✅TP3 @ 1.8145 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really...
Cuurently on the 4hr time frame the GBPAUD has broken out of a Bearish rising wedge at the top of an up trend. Will expect to retest resistance before dipping towards previous support. Watching 4hr chart with Fibonacci for a possible entry to short