Don't jump early for this H&S pattern!Hello Traders
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Gbpaudshort
GBPAUD to retest previous support?GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075)
The current move lower is expected to continue.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.8850 will confirm the bearish momentum.
Our profit targets will be 1.8820 and 1.8780
Resistance: 1.8950 / 1.9000 / 1.9050
Support: 1.8850 / 1.8800 / 1.8750
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPAUD Expanding Triangle D1
Contracting Triangle w1
Short Now and after Down We gat a Strong Buy Wave 5 And Push Down again
Now we are in wave 4 From (C) looks like (Expanding Triangle) after This We have a last Wave 5 in the limits 1.98200-- 78.6% fibo From wave (D) and Push Down again
have a good luck
⚠️GBPAUD falling with Rising Wedge Pattern⚠️GBPAUD managed to complete the Rising Wedge pattern near the 🟡 Price Reversal Price(PRZ) 🟡 and important downtrend line .
There is also a Regular Divergence (RD-) between two successive peaks.
🔔I expect GBPAUD to start its main decline after breaking the lower line of the Rising Wedge pattern.
🔅British Pound/Australian Dollar Analyze ( GBPAUD ) Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPAUD to turnaround?GBPAUD - Intraday - We look to Sell at 1.9250 (stop at 1.9330)
Price action looks to be forming a top.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
The RSI is trending lower.
A move through 1.9100 will confirm bearish momentum.
Our profit targets will be 1.9050 and 1.9000
Resistance: 1.9200 / 1.9250 / 1.9300
Support: 1.9100 / 1.9050 / 1.9000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Why Buyers Beware—The Hidden Danger Above the Resistance LevelThis pair has been on quite a rally lately, showing strong signs of breaking out from the stubborn 1.92 resistance level that has held firm for quite some time. You can easily spot this level as it's marked by the trusty green dotted line on the chart.
However, before we get too excited about this breakout, it's important to consider a potential fake-out scenario. Right above the resistance level, there's a weekly supply/sell zone that was established back in 2020. This zone witnessed some hefty selling activity in the past, and now that we've entered it again, the market might just be eyeing the 1.95 mark before making a swift reversal.
Take a glance at the lower timeframe charts, and you'll notice a recurring pattern: every time a new high is reached, the market tends to experience a rapid sell-off. This is usually a telltale sign of buyer exhaustion, and it's often followed by one last monumental spike upward before a sharp decline takes place. This kind of price action is notorious for fooling people into buying, effectively creating liquidity for the big sellers.
That's precisely why I'm currently on the lookout for a short sell opportunity. I'll wait for my TRFX indicator to give me an entry signal above 1.94 before jumping into the market. My initial target will be 1.92, which is the breakout level we're currently witnessing. I anticipate a retracement to occur before a subsequent rally confirms the validity of the breakout.
I've also identified a second target at 1.90, indicated by the second dotted line on the chart. This level might prove to be an attractive area for buyers to jump back into the market.
Now, don't get me wrong. I do believe that this currency pair has the potential to rally well above the 2.0 mark in the long run. However, to validate such a move, we need to closely monitor how the monthly candle closes. It will give us a clearer confirmation of the breakout.
For the time being, though, a short-term sell trade seems like a promising opportunity, with targets set at either 1.92 or 1.90.
Now I could well be wrong and the market just blows straight through 1.95 though the stop will be tight on this trade.
I hope you enjoyed reading through my analysis. Stay tuned for more!
🎁sell GBPAUD at the supply and earn +250 pips🔥You can see the analysis of the pound to Australian dollar currency pair in the one-hour time frame (GBPAUD_ 1H)🔎
✍🏻Considering that the price has been able to break its upward trend line and make a pullback to it, if the price can reach the supply zone, it can fall to the specified targets🔻
🛎» Sell Limit GBPAUD«🛎
🔷The entry range and profit and loss limits are specified below:
💢Entry range: 1.92800 - 1.93040
❌SL: 1.93100
✅TP1: 1.90300
✅TP2: 1.87800
✅TP3: 1.85800
⚠️❗️Please follow the capital management❗️⚠️
----------💎TRADERSTREET💎--------
GBPAUD at resistanceMy first forex trade. Here it goes!
GBPAUD is at a weekly resistance at around 1.91880. Daily was a 2U bearish candle and far away from the moving averages.
Idea is to go short at the break of Friday's candle (1.91664). Ideally SL would be at the high of same candle (1.92818) and TP can be atleast 1:1 RR.
As I was typing this, got into the trade. Hope it goes well.
GBP/AUD facing ResistanceHello Traders
GBP/AUD is facing resistance in the 1.90-1.91 zone.
The first rejection from the mentioned resistance made a new lower low so it could be possible for the price to make a new lower high and start a downward trend.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPAUD SHORTSIm looking to sell GA at about 1.90736
TP 1.89015
SL 1.91054
Reason for Shorts Daily H&S pattern to bias for shorts
Waiting for price to touch 1h OB
Target to tap the Unfilled FVG made on 23 June 10am 1H
Im quite new to this so do let me know your thoughts. I do note that GA is currently very bullish so it is quite a risky trade!
GBP AUD Sell Opportunity (Pullback)-Price previously sold off and found support at the 1.85 QP level
-On the weekly TF, price closed as an indecision candle/morning star candlestick pattern, hinting that price was ready to began a bullish push.
-On the daily TF, price formed a double bottom, then made a bullish push before reaching a resistance/supply zone.
- I am anticipating price to make another bullish attempt but sellers ultimately remaining strong and price possibly closing as an indecision candle/even star candlestick reversal pattern.
- I believe price will pull back and test the area 1.8801-1.86735.
GBPAUD Sell & Buy Setup On H4GBPAUD is currently trading at 1.8863. If it is rejected from the resistance area, which is at 1.8902, it will then move down to the support level at 1.8744. However, if it successfully breaks above the resistance area, you can consider buying on its retest, aiming for the next resistance at 1.9165 for GBPAUD.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
GBPAUD This currency pair can be modified up to the specifiedGBPAUD is completing a pullback after breaking the daily trend (this trend can be seen in 4 hours). According to the specified points in the chart, you can look for the entry point for selling.
If you have an opinion about this, I will be happy to write.