Categories: Technical Analysis

GBPAUD Forecast Follow Up And Update

Hi Traders! GBPAUD forecast follow up and update is here. On May 7th I shared this “GBPAUD Forecast” in Trading View. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Traders Academy Club. Spoiler alert – free memberships are available!

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Now, let’s summarize the idea first:

My idea was as follows:

D1 – We have strong bearish momentum, the price has broken below the uptrend line and is holding below it.

Expecting new low to be created.

H4 – There are two possible scenarios here:

1. The price might continue lower directly from the current zone.

2. Or alternatively, the price might continue lower after small retraces.

This or the other way around my view remains bearish here.

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GBPAUD H1(1 Hour) Chart Current Scenario

On the H1 chart, the price action followed my analysis perfectly and it moved lower further exactly as expected delivering 230+ pips move so far. This is yet another good example of how important it is to follow the facts. When the facts do happen as we expected you can see how the price perfectly moved as per the plan. Because these are the kind of hints the market provides us at majority of the times and it’s our obligation as traders to be able to listen to these things that the market tells us and we should try to make the right actions”.

(Note: You can follow me here on Trading View and also on my blog to get similar ideas on a daily basis)

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This is how the report looks like. A table with the hottest market opportunities, screenshot behind every pair and time frame (anything that is in blue inside the table is clickable and leads to a screenshot) + a summary in text format, kind of highlights. And of course Live Trading Room every single day.

If you have any further questions, don’t hesitate to drop a comment below!

To your success,

Vladimir Ribakov
Certified Financial Technician

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.