FOREXCOM:GBPAUD
NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE)
(LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT )
From a daily perspective we can see price has been ranging.
A possible bearish rectangle is in formation which has happened for days notwithstanding the downward movements on 4 hour timeframe.
In this type of scenario, price is expected to make a...
Haven't posted my trade ideas in a while but realized the few of my ideas tend to come to fruition and figured I will keep at it. But that aside, from the chart we can see the massive upward push that GBP got into with the string of bad data coming from the Aussie mid last week and the local elections that occurred in the UK have given us a retest of the March...
Market Makers Drive for Liquidity from and off of Fridays High of Day Close. We have seen a clear spike through the region and now a perfect time to get short down to the next demand level.
GBP/AUD
The pound is bouncing back at the moment, but remember we're in a downtrend, that means we must be patient to find a level of weakness to sell it back down, and the Aussie has bounced back too, so at some point one of them will lose and it will be the one that cannot sustain long term growth without indecision and with Brexit looming, that can only be the...
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
AUDGBP reacted nice off this big picture demand area, gapping into it in the process. This formed an intermediate demand zone within the bigger zone. A return to this price should see a rallying reaction. Profit margin is dependent on supply zones that form on the return to ~0.50300 but a sharp drop should see a 5:1 R/R.
