gbpaud longprice made a double bottom its retesting the neck.it retraced to the 50 fibb move....im expectin a revesersal to continue bullish
GBPAUD.10.CFD trade ideas
GBPAUDGBPAUD as recently got rejected on monthly support zone and making a good bullish move.
It can be said that this pair will be BULLISH until it reaches monthly resistance zone.
As market is not predictive
1) Market can continue bullish from here.
2)From here market can get another retest on monthly support zone and continue bullish.
GBPAUDlooking for a sell opportunity here on resistance zone and take profits at support zone below.
Falling wedge - BUYLong term trend - Short
Nature - Corrective phase
Pattern - Falling wedge
Stoploss - 30 pips
Risk: Reward - 1:2
This is only a short term BUY setup
AUDGBP good looking for short with good riskrewardAUDGBP good loAUDGBP good looking for short with good riskreward
Don't miss the great buy opportunity in GBPAUDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7945). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1.8090
TP2= @ 1.8175
TP3= @ 1.8340
TP4= @ 1.8450
TP5= @ 1.8660
SL= Break below S2
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GBPAUD - Long - Falling wedge Price has formed falling wedge pattern, waiting to enter long on the 3rd touch.
It is possible that the price can fall little more lower until it hits the bottom ray ling before going LONG
1st TP target will be at the ray line and 2nd target will be near the yellow TL
Here I use 2 chart show my SELLIn my charts I use 2-time chart share my idea First I use a 4hr chart with a daily Pivot and the Donchian channel set at 50 to create a buy and sell ZONE top is a BUY zone Bottom is a Sell zone so what that tells me I'm looking for buy or sell in these areas on a smaller time frame
and on the 15 min, I use a 4hr Pivot for those intraday moves
GBPAUD GBPAUD BREAKDOWN (DAILY FRAME)
Gbpaud is a waiting game
If Price break above the support level and retest at 1.82642 we may see a long bias on it .
If price break below the current holding trendline and retest we may see a further drop to next trendline @ 1.73360 possibly .
Please note its not a signal just a assumption we may see what happen on daily closure patience game !
Its my first idea on tradinfview if u love it Please follow me and Like it .
GBPAUD is in a downtrend, looking for a sell opportunityGBPAUD is in a downtrend on daily & 1 Hr, as you can see there are two sell zones and one of them holds a golden zone of Fibonacci 50%. So I would expect the price to come to the 50% and wait for bearish price action signal to confirm my sell call. Profit target will be the next support level. Keep an eye on this one. Lets see what happens.
I am not a financial advisor and my analysis are just for entertainment or educational purposes, I don't recommend any of my trades. Please use a stop loss and do a favour on yourself by not blowing up your trading account & your hard earned money for which you have grinded your ass off!! Lol
GBPAUD TREND MIGHT BE CHANGING!!!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 long to the target of 1.96500 with a stop at 1.89751 (A DECENT RISK REWARD RATIO!!!)
On the other side, if red candle is seen on the closing then the trend may continue to 1.86789 which is possible too.
But, we may see a rebound from here as RSI may rebound from here and also may see divergence on Awesome Oscillator. Also according to the confluence indicator, there are high confluences in this region. So, rebound chances are much high!!!!
If you like the analysis then leave a like and follow me for more updates. :)
GBPAUD - 05/11/2020Will wait to go long when price is above 1.901787 as price is at a prominent level of support.
GBPAUD Possibly on it's 3rd wave downIf we get a HARD pullback with GBPAUD we can possibly reenter if you didn't catch the sell on GBPAUD on London's session
