Gbpaudshort
GBPAUD sell!!GBPAUD has been trading within the confines of the resistance zone of 1.78501 and support zone of 1.71832 since April 2022 . Despite numerous speculations that the pair might break through the resistance of 1.78501 and move up higher , the price recently has been giving signs that its not yet ready for an upward move. We can also observe an Evening star candlestick pattern on daily chart ! price is currently testing the Resistance zone again , only to fall down all the way to the Support zone as mentioned above ! My final Target remains 1.71832 !!
GBPAUD | SELL SIGNALSGBPAUD has hit the resistance zone which it has unable to break from 18th March last month. We saw a couple of failed attempt.
Currently price took beating from resistance and trading at important support level which is the watchout level as Fib and horizontal support reside there.
Trade your levels accordingly
GBP/AUD 600 pips from last analysis new short setupHello Traders, price faces horizontal resistance and below monthly dynamic resistance, and faces 0.61 fibo level and it show respected this level if close 4h candle in this shape will be a good confirmation.
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GBPAUD | SELL !! ON BREAK BELOWGBPAUD has been trading in bullish parallel channel and it gave a break below on 27th Apr with price testing the support zone.
We saw a retest towards the break below region as if forms a lower high (Confirming bearish trend). Now the price is heading towards the support area again and we will look to sell it if the support zone is taken out.
Trade your levels accordingly.
GBPAUD: Can we go lower ?Hello everyone, sorry I haven't posted in a while. I've been too lazy in publishing but have been taking trades on the low. Now to today's business. We have a possible retest of the broken trendline and support.
Therefore if I see a bearish reversal at the STR(supportturnedreversal) it's a good sell.
Another confluence is that the price broke support and trendline with strong momentum.
GBP/AUD Strong FallAs we see on the monthly frame, the price made a retest of the monthly resistance, and on the 4H frame, the ascending channel was broken, and on the daily frame, you will see a strong rejection candle, good luck
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Bullish outlook on GBPAUD: 25 April 2022On the H1 time frame, prices are showing bullish order flow, with higher highs and higher lows being formed. A pullback to test the support at 1.75822, in line with the 127.2% Fibonacci extension, 78.6% fibonacci retracement and ascending trend line provide an opportunity to play the bounce to the next resistance target at 1.79551, in line with the 200% Fibonacci extension and 78.6% Fibonacci retracement. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
GBPAUD | Follow-up detailsA follow-up detail on the GBPAUD that was published earlier this week (see link below for reference purposes) where we locked in around 70pips before price action took us out. Now we are at a very critical level (1.76) where a breakout of this zone (supply area) might incite a bullish continuation. However, considering the long-term bearish momentum on the higher timeframe, I am of the opinion that the price needs one more bearish move before buyers finally garner the strength to push the price to the upside.
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