FX:GBPAUD
As you can see that, GBPAUD has created a FLAG & POLE pattern in 1Hr Time Frame, if it gives t breakout on upper side then we can plan for buy side, Always take retest entry and this set-up is for monday (21-08-23) Plan your trade accordingly...
Hey guys for GBP AUD market forecast, as we can see the market was in control with the buyers from the previous one to two days now the market has started to come into the favour of sellers as we can see the live price action candles as a shooting stars and we can also see the lots of weeks which are showing the market that the market is now into the control of...
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.
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...
