Gbpaudshort
GBPAUD - 30MGBPAUD - 30M
Price has finally broken the 1.8400 daily support where it was showing a very strong resistence, giving us a nice break with a new LL formation leading us to a perfect TP 2 yesterday, but today it seems like it is respecting the previous bearish structure forming a new one right below it so if we zee a break of the inner structure (red zone) i would like to short it again , also this structure lines up with a descencing TL and 38% fib lets see how price reacts in the following hours
GBP/AUD 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/AUD
GBP/AUD It has broke through structure I am waiting for a pull back in to order block zone for retest of area, I am looking to take a sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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GBPAUD: Preparing For Sells As Price ReversesPrice just reversed on the daily timeframe. Buyers were pushing GBPAUD to the upside, but now that AUDUSD is increasing in strength, GBPAUD is decreasing. These two currency pairs are whats called negative correlating currency pairs.
The pair they have in common are AUD. It's like a seesaw. AUD is in the middle. If GBPAUD increases AUDUSD will increase. If GBPAUD decreases AUDUSD will increase. There are plenty of websites to find positive and negative correlations. A quick Google search should do the job. Be sure to focus on pairs that move 70 to (-70) with and against each other.
AS far as GBPAUD, I'm on my hands until price pulls-back. We don't know how long price will decrease until the pullback happens.
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GBPAUD TO BREAK BELOW SUPPORT?Price is currently trading around 1.87800, testing the key support area on the 4-hour time frame.
Recent price action shows lower highs coming into the key area.
If price cracks below this level, I'll be looking for short opportunities to continue this trend to the downside.
GBP/AUD Short Setup After Daily Closure Below Trend Line !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPAUD | Bouncing from SupportGBPAUD is trading in a bullish parallel channel and making good higher highs and higher lows. The current price action is on the bottom of the parallel channel. We are expectings bulls to be active and push the price to the recent high first and then may reach to the channel top
To negate this view, the bears must ruin the show by bringing the price to atleast low of channel support and break below it.
Trade your levels accordingly.
GBPAUD Short Idea!Beatiful and clean set up where price has broken major trend on the daily timeframe breaking the ascending daily TL, forming a retest confirmed with a triple top on a KL, so right now after the formation of a new LL a retest to the neck that lines up with Mt 50% and 38% fib, good set worth the shot
Wait for CAB entry to validate a SELL opportunity Hi Traders,
GBPAUD has been shaping up to give us a breakout and a possible CAB entry for a short position. Pride is approaching the bottom boundary from making a double top and impulsively pushing down.
Looking for a impulse breakout followed by correction before entry will be taken.
What's your view on this pair ?? Comment below and let's talk about it.
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