Hello Traders ! With GBP becoming slowly but sure bullish across the board, it seems the Brexit hype is fading too. What we have here is a classical dynamic trend line that looks like it can break in a day or two. We will Long this pair after we break the trend line and consolidated a...
Price is at a place where historically is considered a turning point. added to that we get confluence with the 76.8% Fib level and the 200 EMA that has acted as a major level for this pair in the past.
I'll go long from this level to 1.815/1.83. In this zone I think that some sell order will be placed. Let's see. P.s. have a look at my previous chart on this pair. Cheers, Ramadeda
Previous support at around 1.83000 formed in April is likely to be this pair's next resistance, but the LONG bias will only be valid if we break 1.78000 and maintain price above this level. Around the 1.783000 level, the ichimoku cloud will hopefully act act as some resistance together with the 50% and 61.8% Fibonacci retracement levels. What do YOU...
GBP/AUD so far so good......watching for further movement and pivot price action to move stop and reduce my risk further.
Looks like there is good indication of more down ward movement on this pair. Not much support bellow this area. Short on break.
I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. It appears that GBPAUD reacted on the Weekly S and triggered some buy orders sitting near by 2.02 levels. This was also a previous level of support from the start of this year. Generally I would...
Targets are clear in the chart. Good Luck!
Hi All, I wanted to share this potential setup, we are looking at a neutral position entries in both ways. Orange Bat Pattern - Entries have been brought just below 88.6% to ensure we get filled. Blue Cypher Pattern - Entries have been placed at 78.6% - as we know the win ratio for the Cypher pattern is very good and we rarely see an exact 1:1 risk reward for...
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...