Simple chart on GBPAUD 1 hour time frame. This resistance has be tested 3 times so far. Keep a close eye on a possible break-out. The current candle seems to close at the resistance. If it gets rejected again it will be an easy 80-120 move down. So keep an eye on it because of the 1 hour candle closes above it then its a buy ofcourse.
GBPAUD is still fighting the same resistance and seems to fail to break it. It's now a nice opportunity to sell it with a stop a bit above the resistance. All though the focus now is on selling, a good break of this resistance will be a buying opportunity, so keep your stop in place and be versatile and ready to buy. But for now sell. Open: around 0.7124 TP:...
GBPAUD 4hr triangle still forming. Keep in mind the long term downtrend line (yearly) is around the 1.7100 level. D1 posted Bearish engulfing with inside bar
GBPAUD sell from current price reasons for sell 1-we have breakout of trend line 2-we have strong ressistance zone 3- price don't make a new hi 4- we have divergence also sl-1.72098 tp-1.66093
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
GBPAUD is close to the lower range and also close to a resistance at which price got rejected twice in the past. A break out of either the resistance of a lower range will likely be followed by a strong 300-500 pip move in a couple of days (since its the daily time frame) Keep a close eye on GBPAUD and act when theres a break-out. I shall try to update this idea...
Sell GBPAUD. Nice idea to short GBPAUD. Keep it simple. Cheers :)
GBPAUD Simple price action Set this trade up before the trendline break on the Friday just past. Entered following a short term correction made just after the break. My Target is placed around the weekly trendline support. A correction is due, so my stop loss is placed just above my entry as I plan to hold my position through the possible correction....
GBPAUD Another Great Short Opportunity here, you can enter here or wait for a pull back. High chance we continue with the down move in the coming days.
This pair has recently formed a bearish flag right at 50% retracement and at Daily Resistance level which has numerous price activity around said level. Also notice that price is at the Bottom Cloud foreboding a breakout any moment. Volume is also decreasing as price rallies higher indicating that this is not a legitimate bullish move. Stochastics also...
On the 4 hour time frame GbpAud is setting up for a nice flush down. When you look at the daily time frame you see this correspondents with the downward channel there that just bounced off from the upper range. Making it not only very likely that the 4 hour will move down but also that it will break the support (red line) Entry: cmp SL: 1.6840 TP: 1.6660 > 1.6470
# Recently broken a trend-line from the March 2017 low to the down-side. # Bearish Harmonic Pattern. # MACD Hidden Bearish Divergence. #Stochastic RSI "Over Bought"
As you can see the bullish channel has broken and price is going for pullback and after that we can set our short positions.
sell from 1.7400 tp1 1.7380 tp2 1.7360 or sell from 1.7480 tp 1.7400
Brilliant ... What more do you need to do but just set your TP levels ... We await
Hi guys, this morning we could have a chance to get involved in this trade. Now i'm going to explain you why: first of all, the big yellow box represents a daily structure level, this level happens to line up pretty well with the 618 retracement of the bigger daily leg. In this cases i seek for trading opportunities down on lower timeframes: on the hourly chart...