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Gbpaudshort

GBPAUD OVERVIEW for the week commencing on 21st June 2021Weekly Chart Closure - strong bullish momentum on candle closure, creating an morning star pattern on the Weekly chart. Daily Chart - currently in an uptrend, market wicked to 38.2% which is in line with previous level of resistance (which the projection now would be -27% which is around the 1.86000 area). H4 Chart - Break of small range area to the upside, showing signs to continue bullish momentum. 30m Chart - in a uptrend retraced 50% and rejected projection would be -27 (1.85500), ideally would like to see another touch of the support level to try and get involved with the long opportunities or see a break of the resistance level and a pullback after that.
by Inacio_1998
GBPAUD potential pullback to trendlineGBPAUD is approaching horizontal pullback resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Prices might pullback towards horizontal swing low support in line with 61.8% Fibonacci extension and ascending trendline support. If prices continue to push up further, prices might face resistance from horizontal swing high resistance in line with 100% Fibonacci extension . MACD is also showing a crossover and a bearish signal.
Short
by TradeGATEHub
GBPAUD, 4hr tf, breakout of broadening wedgeRecently, price managed to break below the support of this ascending broadening wedge pattern. Notice for price consolidate near the support before breaking below it. This consolidation looks like a bearish flag to me. We could expect price to continue go down towards 1.8100 area. The target of this wedge is at 1.8092 but we will aim to take profit a little bit above the target. Sell GBPAUD 1.8260 Stop loss 1.8320 Take profit 1.8110 (2.5R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
7
gbpaud- 2 potential setups near futureHello fellow traders; time for another analysis w/ SmoothPips 🙏 If you enjoy the analysis please make sure to leave a like and follow; so we can catch these pips together! ❓ What's unique about SmoothFX? -All trades executed off of the same "strategy" -Easy to read charts -Multi Time Frame Analysis -Learn and Earn experience -Very high probability -Experienced 🎯Leave some feedback & let's chat. Always willing to hear other bias'. 📌Remember; markets are moved through liquidity. We will earn more by helping each other. 🤞Please remember not every analysis will be 100% correct. Use your own due dill & discover your own research. Sincerely, SmoothPips <3
Short
by SmoothhhPips
GBP/AUD short IdeaFundamental side of the idea : The AUD by contrast is currently pressured alongside falling Iron prices. If these prices keep falling then AUD will face weakness. The Australian economy exports large amounts of Iron ore, so its price impacts the AUD. On The Other side we are seeing Inflation climbing faster , and Metals are making new High , and that should serve and make AUD strong again . Ultimately, the pound remains sensitive to the trajectory of UK inflation and the Bank of England’s monetary policy. UK inflation jumped to 1.5% in April from 0.7% in the prior month, though remains well below the BoE’s 2% target. There is certainly plenty of scope for the BoE to substantially tighten monetary policy should it view inflation as a threat, a development that could be significantly bullish for the pound. But we still Far away from that . Technical side of the idea : According to the technical analysis of the pair: So far, despite the weakness of the upward Trend , i am seeing a significant weakness on GBP , starting from forming a continuation pattern , to not breaking above some Fib Levels that were critical . P.S : The weak US dollar provides some reason to be Bullish on the Australian Dollar . Thank you . Do Not hesitate to Contact me For any kind of Quist . S.Sadki
Short
by SaraSadki
GBPAUD OVERVIEW for the month of June GBPAUD analysis overview- Monthly closure - bullish engulfing, giving me a long bias(long term) for the time being Weekly chart - bullish closure with a significant bullish rejection (long lower wick), can potential start ranging if reject from the resistance level ahead Daily chart - break above resistance making a new higher high, potential new resistance found and could potential see a retracement (this would be dependent on how the lower timeframes hold their structure) if today's candles closes bearish and tomorrow follows through, potential area it could retrace too 38.2% as it has confluence with previous resistance level. H4 chart - initiated a 123 move to the up side which could give birth to an uptrend, I have to areas of interest the 38.2% fib level as it is the same area of interest as the Daily chart, if this area fails to hold support(if we ever get to it in the first place) i would potentially be looking at the 61.8% which is lining up with my previous H4 resistance level and has we know "previous resistance can become support" 30m chart (my main trading TF) - we had impulse wave breaking the previous level of resistance, then followed by a pullback which seems to be finding support at the 50% fib level, potentially creating something which some people would call a 'double bottom' (lets see how the candle closes). Overall a lot of confluence for potential long opportunities, which will be my main focus for this pair for this month ( as long as market structure still maintains the same).
Long
by Inacio_1998
GBPAUD > Big Harmonic Bat for A Sell!!Analysis on #GBPAUD Hello friends. Big harmonic bat pattern near strong supply zone, waiting for the market to enter the zone then I will start looking for a sell, targeting the support level. if this setup delivered value to you, like and comment Check today analysis below⠀ >>It’s not what we do once in a while that shapes our lives. It’s what we do consistently. ____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
26