GBP/AUD Day Trading Analysis (2022.02.06) High probable buy setups coming early in the week on GBP/AUD. We might dip a little bit lower before the next impulse to the upside. Previous analysis playing out so far and I am sticking to the buy plan.
Before looking for entries I would wait for a lower timeframe change of character and to confluence with the higher TF structure.
Gbpaudlong
GBPAUD Analysis 1hr 5/2/2022Update:
Been looking at this pair for a couple weeks and I think we are looking quite bearish now, several confluences suggesting this as well. firstly looking at the perfect rejection off of this big box of resistance, we haven't managed to break that high for weeks and last week it was broke but no candle close above just a wick.
if you look at last weeks price action the move down after getting rejected was huge so a short seems to me like the perfect play here.
we also made lower highs on the weekly so failed to break last weeks high.
So waiting to test my small box just above price as resistance before moving to the downside. I would wait to see what price does at this level but if we get rejected on my closest box that is a carbon copy of last weeks price action only this time I think we look even weaker. again Monday could change everything so SL very tight if we break above Fridays high and the big resistance box with a confirmation candle I will be bullish. until then sticking with the bearish narrative.
GBPAUD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/AUD
TREND ANALYSIS
We have 2 Downtrend in red color (Long Term and Internal Trend)
We have 1Uptrend in green color (Long term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
Long GBPAUDWe have a continuation in GBPAUD where we can watch in a close view for entry in marked zones here as I have mentioned (first, second and third) zones where I see for a potential buy.
You can also find buy entry here just wait in more LTF for a small stop-loss and also targets are mentioned in analyse.
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GBPAUD Intraday Buy ScenarioBased on last weeks bullish closure and momentum being to the upside especially fundamentally, im looking for buy opportunities.
We have a daily OB along with a more refined 2H OB. Based on last weeks high and low, i placed a fib and my ideal deep retracement lies within those OBs of interest.
1.89000 to 1.89200 is a huge area of interest for me especially being a round psychological number.
I want to see this unfold over the next few hours through the LND open.
Overall bullish on GBP/AUDLooking for continuation bullish with possible retracements first down to the 50% , 62% Fibonacci levels , demand and QP levels as confluence. The pound is extremely strong as of now and has been for the past few weeks. We have strong fundamentals this week on both the British Pound and the Australian Dollar such as RBA Interest Rate, RBA Chart Pack, and BoE Interest Rate Decision. Long term bullish on G/A unless market specifies otherwise.
GBPAUD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/AUD
TREND ANALYSIS
We have 1 Downtrend in red color (Internal)
We have 2 Uptrend in green color (Internal Uptrend and long term uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GBPAUD, 1st target reached and now ...Hello everybody
Did you check our previous analysis of GBPAUD ? Did you take 170 Pips profit from last free analysis ?
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According to the chart and last analysis that we publish exactly price impacted to the resistance zone area and drop to reached to our 1st Tp and now according to the momentum of the movement that is becoming weak we expect the price should drop more and again reach to our first Tp and move like that route we shown on chart in last analysis.
Guys please learn how to manage your position and manage your capital to be successful in the market.We shown on chart the opportunities but this is yours to manage it and risk free the position.
If you have any question send us messages in private
Good Luck
Abtin
Last analysis :
Previous analysis :
GBPAUD SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price takes out liquidity above buy side liquidity (asian highs) and 1.89000 as a institutional figure, we had a bearish candlestick closed that means for me bears took control in this area and we should go down.
What do you think ? Comment below..