Buy GBPAUD1. double bottom created near 4hr 200 EMA
2. RSI divergence on 1hr
3. two tails on the second touch of double bottom
4. counter trendline broken
Gbpaudlong
GBP/AUD BUYThe GBP/AUD has been ranging within the grey rectangle drawn.
Last week once again the GBP/AUD failed to break above the resistance and reversed the price which is now at a key support area.
I expect GBP/AUD to retest this support area and the show a reversal with price increasing until the previous key resistance level
Easy money eyes closed to gain profit BRITISH POUND / AUSTRALIANI recommend to buy the price is going up
GBP/AUD Making Correction, Long Opportunity ComingThis has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish.
Target is set at the previous high of 1.80159. This aligns with previous support so it is meeting resistance here.
SL is just below 0.5 Fib
GBP/AUDLooking for 3 different positions to catch the impulsive moves on the Elliot's wave!
Price is overall ranging (bouncing from support --> resistance)
Steps we're looking for:
1. Price to respect the key level
2. Reverse into a uptrend
3. Break of key level then retest for a entry
Move 1 Move 2 Move 3
Entry - 1.78882 Entry - 1.79070 Entry - 1.79387
TP - 1.79165 TP - 1.79566 TP - 1.79814
SL - 1.78751 SL - 1.78948 SL - 1.79269
GBP/AUD LongAs we can all see, price is currently on a very clear bullish trend. Due to it's constant bullish momentum price has created a trend line which has been hit and rejected three times in these past couple of days. Currently, price is respecting the trend line once again while also creating a very clear morning star (bullish signal) which is one out of the three confirmations that we need before entering a trade. Moreover now that we are trading in the 1h chart we need to look at the 15m MA (moving average) crossover which in this case it is 1 pip away from happening. In conclusion, all these signals 1. rejection of the trend line, 2. creation of the morning star and 3. the 15m MA crossover give us very strong probabilities for a move to the upside with our target for this trade being the 1.80000 resistance area.
This was my analysis on GBP/AUD and I hope you like it, see you on the next one!
GBPAUD facing bullish pressure, potential for further upside!Price continues to hold above the ascending trendline support and Ichimoku cloud, showing bullish pressure in line with our bullish bias. We could potentially see a bounce at our ascending trendline support and 1st support at 1.79300, in line with our 61.8% Fibonacci retracement and 78.6% Fibonacci extension, and a further push up towards our 1st resistance level at 1.80156, in line with our 50% Fibonacci extension and horizontal swing high resistance.
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GBPAUD- En route to our first target levelOur updated GBPAUD chart further to our previous idea
We expect a further rise to 1,836
H&S Bullish Price is retesting a broken zone and also at the right shoulder to the upside. Tell me what you think, drop me a link let me see your analysis on this pair.
GBPAUD Buy, Going UP,good ideaHello Traders, here is the full analysis for this pair
Watch strong price action at the current levels fors BUY. GOOD LUCK! Great BUY opportunity in GBPAUD ..
I still did my best and this is the most likely count for me at the moment.
GBPAUD: Following the ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/AUD
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been moving with a strong uptrend, following an interesting ascending channel and few bounces on its dynamic support are an extra confirmation of the validity of that pattern.
It has currently reached its dynamic resistance line and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
I believe there is a good chance to see the price rising until the main resistance zone at about 1.79000 but as a trend follower I won't open any long position right now because the price is just around its dynamic resistance line.
I'll be waiting for the price reaching its dynamic support and I'll open my next long position once I'll get a proper rejection on that area.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
GBP/AUD at Big SupportThis is at a big support level so looking to take a long position soon. MACD is showing on the daily that this is still bearish as it is below 0. I expect this to drop slightly from its current position, if it meets the support area marked in blue then that could be a good entry point with SL just below the lowest point of the support. TP is set at 0.382 Fibonacci of period from March 2020 to the low.
GBP/AUDAs for Eur / Aud and for GBP / AUD we have a nice setup, although we would not be in too much of a hurry to enter the buy position for this pair. It is smarter to set up a much safer sell.
GBP/AUD BUYThe price has been in a downtrend since October 2020 (Red trend line)
and I'm expecting to catch the retracement move.
I can see that the price is in an uptrend since January 6th respecting the blue trend line and has reached a major resistance level.
I expect the price to fall back to the trend line, then expect it to continue the uptrend breaking the resistance until it reaches the downward Red trend line reversing the trend, indicating that the uptrend (retracement) has stopped.
British Pound / Australian Dollar 4H ( Buy Setup ) Here we go traders, the next week we more into buying mode. And here we go t=new structure breaker at the downtrend and now the market is in uptrend. I'll be wait for the price to retrace back to create new HL and yeah there I'll be placing my long setup.Good luck Traders.
Greetings,
Mr. Trade from Malaysia.
