Learn 2 trade like a pro boafx.com - This is an advance warning to look out for a candle stick reversal pattern at this current price. The RBA have just kept rates on hold which has caused the AUD to strengthen but the GBP is the stronger currency at the moment and should pull back at some point. The current price is strong support so we will be looking for a...
It looks like we have a clear 3 wave move in the 15 min GBP/AUD chart
At 2:30AM London time we have Australian GDP and Chinese CPI Data
My Idea is to go long on a break of wave b(2.0749) with a stop below wave c (2.0600)
Closed at 2.04988 + 311 euro profit.
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Not sure - but a possible WW bullish.
Disclaimer - im a noobie :)
This one is a cypher with trend, market seems very unstable here at the opening so we need to take care and see what will happen at the London open. RSI is still very far from oversold, and the Risk:Reward is not very good so watch the price action and see what´s going to happen when it gets more near the PRZ zone.
Its not the best buy to open the week so...
This is a repost of a post i made last week, i just want to announce that its close to completion with RSI overbought so keep it on your radar the rest of the day and tomorrow. Its a trend continuation trade. so let´s get that reversal!
Comments good or bad are very welcome
Kind regards
Thomas Jeff
Here we have a potential Cypher pattern going long in to major support, price still got a way to go and so has RSI before it becomes over sold, so lets keep an eye on this over today and tomorrow.
Kind regards
Thomas Jeff
Here we got yet another Bullish bat pattern with trend and RSI about to go oversold so lets keep our eyes open on this one!
Comments good and bad are very welcome!
Kind regards
Thomas Jeff
GBP IS STRONG, APPARENTLY IN LIGHT OF RECENT POLITICAL MATTERS.
I WOULD LONG THE BOTTOM OF THE WEDGE WITH CONFIRMATION AND REJECTION.
DUE TO THE STRENGTH, TRADE MAY NOT TRIGGER THEN I WOULD SWITCH TO OTHER TRADES.
I WOULD ONLY GO LONG AT OPTIMAL RR @ BTM OF WEDGE SETUP.
LIKE, COMMENT IF YOU AGREE OR DISAGREE. MUCH APPRECIATED :)
W1
Decreasing growth in the Chinese economy, means lower demand for Australia's iron ore and coal (of which prices are declining), therefore Australia is experiencing over supply issues and a surplus in output capacity. Unemployment is rising, and recent monetary policy is dovish. All these factors point to this pair being very bullish.
The GBP/AUD pair has endured a powerful bear market since 2001, however, many correlating indicators are suggesting that we may be close approaching a confirmed pivotal change in the dominant trend.
Our first major indicator was the cross of the 50/200 Exponential Moving Averages which occurred in January of 2014. The last time these indicators crossed...
