Gbpaudpattern
GBPAUD 4HRThe overall trend is bearish bias, in the meantime, however there will be a moderate retracement to the upside from 1.80794 (23.60%) to 1.84025 (78.60%) according to the 2nd Fibonacci sequence. From the retracement to 1.84025 (78.60%), the forecasted projection is set to be completed at (1.75766).
GBPAUD 3.5% Drop was expected will it reach Sep low?GBPAUD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Break and retest of Rising wedge pattern
2️⃣Trend reversal due to positive risk sentiment
3️⃣ positive risk sentiment, Positive brexit talks, Vaccine news will influence this pair
4️⃣ Price around 1.82000 psychological level
5️⃣ September high acted as resistance point
6️⃣ October low-Middle correction-minor bullish correction expected
7️⃣ Technical support - bearish
8️⃣1.75000 will acted as key reversal-Bullish
9️⃣ 1.85000 level acted as strong resistance
🔟 Possible swing target-September low
#️⃣ Overall bearish trend
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📉 Technical bias-H4-Bullish
Price is below100,200 Exponential moving average
100,200 Exponential moving average will act as support-Bear
Relative strength index - Reached around 55- Still it has some room for the bull
MACD -The histogram is fading slowly and about to below signal line, oscillators about to cross
Stochastic - Reached 75- overbought condition medium term fall back expected
Ichimoku cloud -cloud is still red and Middle line is acting as minor support-Bull
Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band expected
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Key reversal area's
1.85000 psychological level
1.83000 September month high
1.78450October month high
1.80070 50% Fibonacci retracement level
1.80000 Major psychological level
1.81650 Possible entry- Bear
1.74900 September month low/Alternative bullish entry
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Bearish entry #pound #gbpaud
Entry price - 1.81650
Take profit 01 - 1.80000
Take profit 02 - 1.78450
Take profit 03 - 1.74900
🚫 Stop lose 1.82600
⬇️ 3.72% Growth expected
⤴️ Account growth .51: 3.72
✅ Risk reward ratio 1 : 7
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GBPAUD under CorrectionHere in GBPAUD, we have a Correction area where it'll keep on retracing this week & for Long term it'll be bullish.
The Area of support & Resistance level are mention in this analysis clearly.
I HOPE THIS GIVE YOU A BETTER IDEA AS WELL.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
GBPAUD is StremgthemimgHere in GBPAUD, we have buying Level above to support line. Better is to wait until it hits the support line & then go on buying it. There's no sell is mentioned as i'm focusing on buying it only.
I HOPE YOU GET ANY IDEA ABOUT GBPAUD AS WELL.
Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU!
P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
GBPAUD SWING TRADE 11-OCTOBER-2020Good day traders/investors. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday
GBPAUD-Technical/Fundamental analysis
⚡️The price is about to reach the .50 Fibonacci retracement level of recent high and low
⚡️It has trading within a falling channel
⚡️1.81300 level will act as major resistance for the bull
⚡️Swing target would be around 1.79270
⚡️Price trading around middle of the Bollinger bands
⚡️200 Exponential moving average is acting as decent support for the BULL
⚡️Ichimoku cloud is still shows bullish trend and the Price within the cloud
⚡️RSI is around the neutral level
⚡️Upper side trend line will act as a resistance for the bear and this is our expected entry point
⚡️MACD oscillators are about to cross and the histogram is turned pale red
⚡️In daily timeframe both 50,100 EMA is acting as nice support for the bearish trend
⚡️As the Brexit deadline is approaching the chances for the no deal Brexit is arising and it
will negatively impact the GBP pairs
SWING TRADE-GBPAUD
SELL @ 1.80650
Take profit @ 1.79360
Stop lose @ 1.81340
95 Pips target
Don't risk more than 1% of your capital