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Gbpaudlong

GBPAUD: LONG Idea, reaching the FALLING WEDGE ResistanceHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since March 2020, the price has been moving following a clear Falling Wedge pattern, getting a rejection many times on the dynamic S/R Level of that pattern. At the end of November, the price reached and tried several times to break the trendline resistance, failing any single attempt, collapsing heavly until the support zone at about 1.74000. As we can see in the chart , the support level 1.74000 is an interesting zone, because gave to the price a strong impulse until the resistance level at 1.79000. The 7th of January we got a similar situation and right now the price is following a bullish movement, it broke the secondary S/R level and now is trying to reach the next target just on the dynamic resistance of the falling wedge pattern. CONCLUSION: Yesterday the price broke the secondary S/R level and the price seems is continuing the uptrend without any hesitation. If the price will retest the support 1.76000 without break it, I would start looking for a Long position until the level 1.78000 Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
4
GBP/AUD LongAs my previous analysis on GBP/AUD showed, price has finally reached our first target (1.76150). I also said that I would make an update to this pair once we hit this area so here it is. This might be another chance to go long again due to the strong bullish momentum that has been created from the first move. We need to consider the fact that the 1.76150 area was a support in the past (which is now serving as a resistance) and price might have a hard time breaking it or it will even reject it and reverse back for a move to the downside. The best option here is to wait for a consolidation in this key area and if this never happens we just take a long with our next target being 1.77925. This was my update on GBP/AUD and I hope you like it, see you on the next one!
Long
by Andralex_11
GBPAUD WAR ZONE... REVERSAL POINT FORECAST Hello traders, Welcome back to GBPAUD chart. We have mentioned the reversal point of the price action on GBPAUD chart with help of pitchfork and fib retracement tools. The war zone we mention in the chart is the demand zone where the bank and institution will get interested to execute there long positions. We have also markup the stop-loss area for you. Caution: small funded account holders please stay away from this trade thank you and trade safely.
Long
by Priceaction776
1
GBPAUDHello Guys welcome back, IF YOU LIKE MY IDEA PLEASE GIVE ME A LIKE AND COMMENT THATS WILL BE A BETTER APPRECIATION TO DO MORE PREDICTION Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPAUD TOUCHED SUPPORT ZONE AND TRYING TO GO UP TO RESISTANT ZONE, LETS SEE Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a LIKE if you find it useful
by Bexi03
GBP/AUD LongThis is an update to the last analysis I posted yesterday about GBP/AUD. The bullish momentum showed up a little late but its finally here and the move to the upside seems more and more certain now with price creating multiple rejections on the support area. It doesnt seem that price will break 1.74000 any time soon so I believe we should take this opportunity to go long and hope for the best. I will also be publishing another update to this pair once price hits our target (1.76150) so we could get back in this trade and capitalize even more! That's my analysis for GBP/AUD and I hope you like it, I will see you on the next one!
Long
by Andralex_11
GBP/AUD LongAs we can clearly see, the market has been consolidating between the 1.79000 and 1.74750 area for a couple of weeks. During this time, price has created an M formation and is also currently testing the 1.74750 support. Firstly what we usually want to see after an M formation is for price to reach the neckline and in this case the 1.76150 area which is our target for this trade. Another strong signal for a move to the upside is the fact that price has also created a Double Bottom at the 1.74750 support giving us better propabilities for this long position. We need to consider of course the possibility that price won't do as we analyzed and will continue with it's bearish momentum, so we won't be placing a trade before we have another strong confirmation on the 4h chart. That's my analysis for GBP/AUD and I hope you like it, I will see you on the next one!
Long
by Andralex_11