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GBPAUD Forex cross pair technical analysis forecast using imbalances

How to locate potential trades using supply and demand imbalances. Abbott Laboratories forecast
19th June 2019
Forex trading for beginners
25th June 2019

In this week supply and demand technical analysis we will focus GBPAUD Forex cross pair using weekly supply and demand imbalances located with our supply and demand strategy. In Set and Forget trading community, we plan Forex and Stocks trades before the fact, way before they happen as you can see in this GBPAUD analysis.

GBPAUD FOREX SUPPLY AND DEMAND ANALYSIS

GBPAUD Forex cross pair is in a clear uptrend with a very strong demand level created around 1.8243 in control. No short trades are allowed since a bigger timeframe technical analysis is telling us to go long, going short is suicidal. If you are trading lower timeframes, intraday o scalping you will probably see some losses in your trading account since a bigger timeframe demand level has gained control.

You can use this supply technical analysis to plan trades in smaller timeframes if you are an intraday trader. Thinking of going shorts on GBPAUD is not a very wise idea right now. See below what we are expecting on GBPAUD weekly chart to happen, lot of room for this Forex cross pair to keep on rallying as it did from previous demand imbalances.

WE PLAN OUR TRADES BEFORE THE FACT. NO HINDSIGHT.

This is the kind of analysis you will be able to find and learn about in our supply and demand trading community. See below a screenshot of this long setup called last 5th June, a few weeks ago. We do not show trades after they happen and play out, we plan them way in advance. Anyone can tell you where to buy or sell in hindsight, anyone!  See below the GBPCAD Forex post I am referring to.

But we can show you other supply and demand technical analyses uploaded in the trading community a couple of weeks earlier on 21st May 2019. See the screenshot below, we are expecting price to retrace to weekly demand [1] where we want to go long. You can see in previous analyses mentioned above what is going on after price reached weekly demand level.

This is the kind of technical analysis you will learn in our trading community. You will learn how to trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

A single timeframe is not enough to make an educated decision, your trading plan needs more than one timeframe to succeed. If you want to learn how to trade Forex using supply and demand imbalances, take a look at our Forex trading course.

Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

 

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

4 Comments

  1. tommi lois says:

    Hi , i think there is double top pattern and price will go down

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