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Gbpaudanalysis

20 Reason for sell GBPCADupdate 04/09/2022 1 Structure 12 : bearish 2 imbalances :\Target marked 3 Current Move 12:impulse 4 Entry TF : H1 4.1 ETF Structure: Bearish 4.2 move : IMPULSE 5 Support Resistance: resistance at OB 6 FIB: wait for retracement 7 candle Pattern: momentum 8 Chart Pattern: Falling base falling flag 9 Volume : after a rally volume dried VAS 10 Momentum: Resistance in 60 level RSi 11 Volatility : Excepted volatility Diverges BOLLINGER BANDS 12 strength: highest weakness excepted ADX 13 Sentiment : extremely weak ROC 14 Final conclusion: wait for retracement or confirmation 15 Buy /Sell/Wait : Sell 16 Entry: 1.5152 17 Sl:1.5185 18 Tp:1.4701 19 Risk to reward Ratio:1:14 Excepted Duration : 8 days
Short
by Optimum369
2
20 Reason for Sell GBPAUD 03/09/2022 1 Structure Weekly : bearish 2 imbalances :\Target marked 3 Current Move weekly : impulse 4 Entry TF : h4 4.1 ETF Structure: Bearish 4.2 move : Impulse 5 Support Resistance: resistance at OB 6 FIB: 7 candle Pattern: momentum 8 Chart Pattern: falling and base 9 Volume : high volume VAS 10 Momentum: below 40 bearish (RSI UNCONVENTIONAL) 11 Volatility : walking om the band (BOLLINGER BAND ADVANCE) 12 strength: ADX start strengthen (ADX) 13 Sentiment : GBP is weaker then Aud (ROC) 14 Final conclusion: sell on opening 15 Buy /Sell/Wait : Sell 16 Entry: 1.6890 17 Sl:1.6950 18 Tp:1.5832 19 Risk to reward Ratio:1:10 Excepted Duration : 20
Short
by Optimum369
GBPAUD BULLISH OUTLOOKAustralian dollar fell after building approval data came at -17%, while only -5% was expected. GBPAUD had broke the resistance of the falling wedge pattern. RSI is above 50 and MACD histogram is above 0 line, plus the instrument is above both its 20 and its 50 MA, which is a bullish scenario. If this scenario continues, we might see increase of the instrument's price to 1.715, the alternative scenario is the price to return to the falling wedge support at 1.687 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial