The GBPAUD pair has formed a descending channel pattern on the hourly chart indicating that the pair is in a strong bearish trend. The pair recently broke out of the channel to the upside and retraced back to the 50% Fibonacci level of the channel. This suggests that the pair is likely to move higher in the coming days. As such, we suggest going long on the pair...
The GBPAUD pair had been trading in a descending channel for some time, and recently broke out of it. The pair also retraced 50% of its previous decline, making it a good candidate for a long trade. The near-term outlook for the pair looks bullish, making it a good opportunity to go long.
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I expect GBPAUD to go Up after finishing this correction.
Look for your BUY setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7433).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
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#GBPAUD weekly bias looks bullish. The buyer’s price of interests are 1.8620, 18574, 1.8519
The possible targets are 1.8735, 1.8893
These analysis are based on the current market swing and we update our views based on the upcoming future swings
Pair Name : GBPAUD
TimeFrame : 4Hrs
Direction : Long
Type : Swing
Target Range : 150 Pips
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Update Hit Target1 +50 Pips
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Neat and clean chart with clear setup, no junk on chart.
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If you like this...
Pair Name : GBPAUD
TimeFrame : 4Hrs
Direction : Long
Type : Swing
Target Range : 150 Pips
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Neat and clean chart with clear setup, no junk on chart.
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If you like this idea, then smash like button and follow us for...
We see price rejection off the 1.748 area(a key area on daily timeframe) after the successful downward rally. we looking for the bounce back to 1.7830. allso have to be cautious of the downside below 1.748 area for the fake out before the main move to the target.
GBPAUD now in middle and moving towards resistance where it will meet downward trendline @1.81250- 1.81300
if the velocity is less it will move downwards .wait for retest and then GO SHORT....
it will move to mini support ..... @ 1.81000
if the velocity is more it can break trendline and move upwards and resistance will become support .wait for retest and then GO...
We have seen a steep downfall in GBPAUD over some time but it can e the time that bulls take the charge. In the daily charge, it shows that a W pattern may be on the table if price rebounds from here, and also on Friday we have seen a spinning top.
What to do??
On Monday, we will be seeing if Monday candle closes in green or red. If, green then we may take a...
We have seen a quite nice jump in GBPAUD in previous week, but it may be just an impulse. As, we can see that the trend line is still holding and may continue the downtrend.
So, we are still bearish on GBPAUD pair and if we take a short here then we can take profit at 1.9000 and TP 2 will be at Support 1.8600.
So, don't take a long position for now. So, be...
