Gbpaudshort
Mon 26th September 2022 GBP/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Sell. Enjoy the day all. Cheers. Jim
GBPAUD is in possible sell zone!!GBPAUD (4H) has formed a strong bearish price action. After a double top, the price currently has tested the neckline of the reversal pattern and rejected to the downside with double Doji with lower highs. On daily, we see very strong bearish engulfer and price is likely to continue to drop as the lower timeframe price is showing significant rejection.
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GBPAUD and GBPNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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GBPAUD Possible sell setupGBPAUD is in downtrend from couple of month and found the bottom
now market is going bullish to retest the strong resistance and supply area ahead
look for bearish confirmations on lower time frames on mentioned area and sell GBPAUD with your own money management
always remember that patience is the key
GBPAUD*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Only for educations purpose.
GBPAUD Multipletimeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Press like button if you enjoy this content 😊
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
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