Multiple reasons to short this based not on the recent Bullish breakout on the shorter time-frames, but on the longer rejection area's. Of course Forex is random factors so we wait for everything to allign before going short.
GBPAUD (2H) is showing a breakout from a down trend. This could mean further travel north. Have a look. This is not a recommendation for anyone. No predictions - as usual.
Looking to GBPAUD long, currently in the corrective phase, price had a nice impulse on the 1HR time frame followed by a bull flag continuation.
In this video update, we look at GBPAUD and the key highs and lows to be aware of in this particular market. The daily chart highlights the potential for this market to stay within the consolidation pattern despite price sitting at the key supply zone. If we do see a break of the lows we can look for further short opportunities. However, seasonally the GBP does...
GBP/AUD DIRECTIONAL ANALYSIS
In this video update, we take a look at GBPAUD as price continues to consolidate at the key resistance zone. The 4hr timeframe has formed a lower low and price could be forming a downtrend on this timeframe. A break below the current lows will confirm the bears are in control and that further downside is more likely to the 0.7300 demand zone.
Things have moved on since yesterday. I'm now more confident of the GBP going long. Here I explain where I see the best opportunity for a long trade. I'll update this idea as it develops This is not investment advice Steve Nixon Trainer @Mentor @logicfxtrading
only for my team mate, discussion , analysis
Cross of two trend lines, previous support turned resistance, 61% fib level.
GBPAUD hit targets from our telegram trade last week and price looks likely to move lower after the weekly candle formed a bearish rejection at the key resistance. the 4hr chart is starting to form lower lows and the previous structure lows offer a great area for a short opportunity.
In this video update, we take a look at GBPAUD and how the market could be forming a corrective move on the monthly chart with the price now back to key structure lows. If we see a bearish weekly rejection at this level we could see significant downside to come as previously highlighted. If price breaks higher above the 1.8800 zone our trade idea becomes invalid.
Position traders should look for a buy position because the market is looking bullish
GBPAUD (Sila LIKE sebagai tanda sokongan atas perkongsian analisa saya) Analisa Fundamental AUD Data keyakinan perniagaan - positif Data keyakinan pengguna - positif Perkembangan perang dagang USA-China - Positive GBP Ekonomi berkembang perlahan - negatif Data pengeluaran lemah - negatif Inflasi lemah - negatif Jualan retail meningkat - positif (...