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Gbpaudanalysis

Is It Time To Start Buying GBP/AUD ?? Detailed Analysis Today's trading idea is a LONG setup on GBPAUD. Currently we have entered a Monthly demand zone from 2017 and approaching a weekly demand zone also from 2017 as pictured above. The weekly zone is untested the price range being from 1.691 - 1.664 it is highly likely price will drop down into this zone very soon as it's about to breach the 1.70. On the 4hr chart pictured above we are already starting to get divergence signals on the MACD as we edge closer to the Weekly demand zone this is evidence selling momentum is starting to slow as we approach this area. What I expect to happen is a fast drop into this zone. How I will enter this position is waiting for a MACD divergence signal to occur on 4hr or daily charts or wait for the same signal to occur on my custom indicator. Profit Target for this position will be around 1.75 which is the weekly supply zone that caused the breakdown to the new low in the current trend. Stop loss will be well below 1.66 and if a clean break and close of this level happens trade is invalidated. Price will likely ebb and flow inside the weekly level making good opportunities for short term BUY trades every time price creates a new low or BUYING at the bottom on a range when it forms. I will also look to enter a SHORT term daily position today below 1.70 if similar entry signals occur on the 15/30min charts with a STOP LOSS around 40 pips and a target of 1.71. Hope you enjoyed this breakdown
Long
by TheFxAce
1
Gbpaud restest completeHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:GBPAUD We can see a market break its strong support in D1. So we are expecting a strong rise near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd
GBPAUD: Keep an eye on this up wave!Hey Traders, keep an eye on FX:GBPAUD , we are looking for this up wave. For us, the structure is ready to move up and print new highs, the corrective structure is completed and market is ready to start an up trend so we will be looking for our buy setups. P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that. If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment. What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals... DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES: 1) Do not over-risk 2) Do not over-trade 3) Do not trade without stop loss 4) Never ever add to losing position Trade with care We Trade Waves Team
Long
by WeTradeWAVES
14