Looking to short GBPAUD now after the nice 1hr rejections forming at 1.89 level.
4hr 50ema and multiple fib levels to act as resistance.
Nice sell off last week and after this early consolidation I am predicting price to sell off once again. Aiming for the support zone at 1.86750 for my first profit target which would be a 1hr lower low on this trend.
Haven’t posted in a while but here’s a good opportunity across all gbp pairs.
Technicals: If gbp was a long and uptrend it would have bounced off the blue lines clean however it has been messy around the blue lines the green shaded areas show this. Gold shaded areas are equal lows ’resistance’ where it’s a liquidity pool to take gbp down someone has to be at the...
HERE WE HAVE A NICE SETUP ON GBPAUD, DAILY CANDLE FINISHED BEARISH AND ON THE 4 HOUR CHART MULTIPLE CANDLES HAVE TESTED THE AREA AND HAVE NOT BROKE THE RESISTANCE, I HAVE MARKED TWO PROFIT TARGETS ON THE CHART, SMALLER TARGET IS MUCH MORE PROBABLE AS I BELEIVE WITH THE GBP WILL REMAIN ON ITS BULLISH BIAS AS THE WHOLE IRAN SITUATION HAS SIMMERED DOWN AND BEEN SWEPT...
GBP/AUD is retracing to the 61.80% fib retracement level and trendline which also lines up with previous support now resistance, I will be looking at bearish candlesticks around this level of 1.90100 to take this short down to 1.85500
Buy GBPAU=> Tendency: BULLISH
=> Technicals: Pullback and retest
Be careful with the breakout to the downside.
=> Fundamentals: market uncertainties, US-Iran tension, China virus.
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Looking for a long once price returns to the golden box. Although the market structure in the weekly and daily time-frames shows us a loss of momentum for the bulls in recent weeks the overall bias on this pair is still bullish when taking fundamentals in to account which suggest further growth for the pound as markets continue to react positively to movements...
... I need to borrow some chairs haha.
But seriously if you are alone at Christmas there are always groups or people out there that will take you in for the day so you are not alone, i am 1 of them i will be having 2 spare seats at my table that i will be giving to homeless people... Nobody should ever be alone!
On the chart we can see GBP pairings are making...