OANDA:GBPAUD   British Pound / Australian Dollar
22 views
1
1M
Morning Star formed at the weekly 1.82500 resistance level . Followed by a further bearish momentum to break 1.77500 and now we have broken 1.7500 support. EMA are lagging on this time frame.

1W
Weekly lower low has been taken out and a new lower low have been established. EMA are pointing downwards. Last weeks close below 1.7500 proves we could be heading down to 1.72500.

1D
A shooting star has been formed 2 days ago which has formed the lower high of this trend, this also touched a key fib level for me, while rejecting the downwards facing EMA’s. A daily close below 1.7500 could prove further movement to the next major support level .

4H
Price swings up to preferred key fib level, before turning around and bullish momentum taken price below 1.7500. Followed by a crossover of the EMA . Target is set to 1.72500.
Trade closed: stop reached: Stop Loss hit.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out