Here we have GBPAUD breaking out of a key resistance level yet still respecting a key support level, causing the breakout of a descending triangle. Price has re-tested the previous resistance level so I am now expecting price to head upwards. Good risk to reward on this one. Please share any ideas you may have in the comments!
GBP/AUD price is now resting at a good support level, respecting the rising channel. I had quite a lot of fun analyzing this pair, the BAT pattern is possible, I forecast a strong push up in the next days.
The BAT harmonic pattern then would conclude the rising channel with descending momentum.
I am looking at a swing trade on this pair after making 5% earlier you can see the link at the bottom of this page!!
So I am looking for a trendline retest on the 50% retracement! strong medium resistance on 4hour TF
SWING TRADE RISK .5% if you take trade!!
aiming for 9%+ as it swing!
Hey there guys! Hope you have had a good trading day and week so far. Only managed to lose one trade today, but you live and you learn!
GBPAUD has had a false breakout and is re-testing the weekly support. The confirmations for this trade was the long wick candle on the hourly chart telling me that it does not want to continue going down and turn the weekly...
Hey guys, hope you are doing well. GBPAUD is rejecting monthly support as well as a minor support, this tells me that there are buyers that are getting out of a long trade and potential sellers executing for a short.
HAPPY TRADING! :)
Hi guys, hope your trading is going well. I just wanted to share you guys an idea, price has came down and has hit a level of support. This trade could be a potential long trade as it has hit an area of support and i am expecting it to go up. But before you decide to go long, I suggest that you guys have a good look at it and also wait for confirmation.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
This trade idea is for educational purposes.
My analysis is what I have seen in the market.
Have a look and see if you see the same thing or anything different!
Always use proper risk management!
You've got this!!!