GBP/AUDBig sell is coming for GBP/AUD based on my analysis.
Strong resistances are holding at the daily resistances and a possible Double Top on it's way.
Gbpaudshort
GBPAUD SHORTS 📉📉📉📉 Expecting bearish price action on this pair as price made a failure swing high that means bulls are losing momentum and bears are gather momentum, price retraced back into premium area where a nice sell opportunity has been presented around 1.89500, we have a lot of bullish imbalances that will be filled this week perhaps.
What do you think ? Comment below..
GBPAUD ShortsGBP/AUD shorts
At a monthly level of resistance
expect consolidation here.
Long term term trade so be especially patient
GBP/AUD OUTLOOKThis is a closer look at my weekly analysis of the pair stating that we may see a sell for the following reasons (A link to the idea will be provided below)
TECHNICALS
the GBPAUD has once again come to the resisting trend line.
price after breaking below has made its way back to retesting the supporting trendline.
we are also nothing a strong daily resistance that price is respecting on lower time frames.
The RSI has shown us price is now over bought meaning sellers may soon take over.
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FUNDAMENTALS
TUESDAY, JANUARY 11
00:01
GBP BRC Like-For-Like Retail Sales (YoY)(Dec)
00:30
AUD Exports (MoM)(Nov)
AUD Imports (MoM)(Nov)
AUD Retail Sales s.a. (MoM)(Nov)
AUD Trade Balance (MoM)(Nov
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SOUTH AFRICAN FUNDAMENTAL RELEASE TIMES (CAT)
TUESDAY, JANUARY 11
02:01
GBP BRC Like-For-Like Retail Sales (YoY)(Dec)
02:30
AUD Exports (MoM)(Nov)
AUD Imports (MoM)(Nov)
AUD Retail Sales s.a. (MoM)(Nov)
AUD Trade Balance (MoM)(Nov)
GBPAUD SHORT SELL TILL @1.8755GBPAUD is currently in Short Position after trying many upward spike towards 1.9322 breaking but it failed, However I personally put Sell position for all GBP pairs in my portfolio.
Short opportunity on GBPAUD for this week??Share your idea in the comment section about this pair and let's debate
Happy New Year, Michel_FRX
DISCLAIMER:
1. Be aware this is not financial advice so trade carefully and have stop loss for sure
2. Past performance is not indicative of future results.
GBPAUD - A FALL IS EXPECTED !!GBPAUD is making a triple top (bearish) Pattern.
Once the trendline will be broke, we can entry short.
Trade Details:
Entry when : Trend Line Breaks
Target 1 : 1.838
Target 2 : 1.810
Happy Trading :)
GBPAUD SHORT (LONG TERM)GBPAUD might be ready for the fall. Hopefully I'll enter at the order block area to bang all the pips on offer.
GBPAUD overbought at Supply ZoneGBPAUD is has had a very strong run up to a significant level that has acted as an area of supply since August, with price only briefly breaking above this area once before quickly driving back down below it.
RSI is overbought (>70) on the 12H, 6H and 2H charts and but has just had it's first sign of rejection out of this area. Expect price to see a correction back down towards the rising trend line as a short term reversal shouldn't see much support until the 1.86800 area.
Alternatively, if this impulse continues and price breaks through this Supply Zone, we could expect price to push up to test the next key level around 1.91000 - 1.91600, at which point price will be further extended and would be primed for a short term reversal.
GBP/AUDSell: GBP / AUD
Sell limit: 1.89248
SL @ 1.89880
TP @ 1.88060
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
It is not an investment recommendation
GBPAUD: Its a TRAP!🎯Many assume that more touches of resistance make it stronger, this is far from the truth.
Since the resistance is so weak, I would like to see the zone breached.
BUT first, we must trap the sellers by breaking the trendline.
Once they have been lured in we can consider buying up into the main supply. 😍
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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GBPAUD Chart M15Here is my view for GBPAUD on M15. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPAUD - SELL strategyI have a few conflicting signals. One is positive stochastic, and DARK MOON phase which suggest higher, but at the same time I have negative MA 10 vs MA 30 which usually is a strong sell signal, and also negative MACD.
I feel SELL strategy to be the better risk reward scenario here.
SELL current 1.8578 and very tight stop 1.8637 and profit order 1.8235 for now.
Appears to be a double Top forming Looking for a possible short on this trade
or for price to push back to key level (Green).
*PLEASE TRADE AT YOUR OWN RISK*
This is my analysis of what's to happen not financial advice.
Good Luck traders!
GBPAUD LONGS 📉📉📉I see a nice AMD pattern formed on this chart, as price (A) accumulated positions both on buy side and sell side on asian session, took out stops and trapped retail traders short (M) and right now should go above asian range highs because market makers probably entered their LONGS, another confluence there for longs is that we had good fundamental realease for the GBP in this morning
What do you think ? Comment below..
Easy Trends To followHere is the 1 Hour GBPAUD chart . This is a clear trend to see. downtrend motion, then it stops to consolidate sideways , before continuing the down trend motion.
GBPAUD Overview week commencing on the 13th Dec. 2021Weekly chart - closed strong bearish engulfing 2 weekly candles. Could still some bearish for this week.
Daily Chart - broke minor level of support came back around the area of previous resistance and rejected (could we come lower or potentially start raging?)
Previous Daily candle - doji showing some indecision around the "minor" support which can now potentially become support.
H4 Chart - Previous level of support broken and being retested a potential resistance now, in line with 38.2% Fib level.
30m Chart - ABC corrective (just reach TP level and new level of resistance established), 2 approaches can be taken:
Aggressive approach: if a double top scenario happens then short at the double top!
Conservative approach: wait for bearish confirmation on 30m Chart break of support level (then retest as resistance) before shorting
Follow up as the week goes on....
GBPAUD daily short ideaGBPAUD reached my strategy lvl on the 0%, retesting after breaking structure. Targeting the 100% of the IPA
GBPAUD short potential for the weekAs we open the week following the bearish weekly last week, we can see we are nearing the red supply zone. The purple line there indicated a imbalance from the weekly TF. Today being Monday i can expect the price to be moving in the opposite direction that it intends to from the rest of the week. If the red zone rejects, we can see ourselves pushing all the way back down into 1.83000 for the week. However if broken we can continue back into the highs.
