STRATEGY -- History Repeat it self again and again, market always goes in wave. -- It's correction and impulse. -- At Hear End of Correction (one small down move expected, After that Big UP Move ) RISK 75 PIPS REWARDS 300 PIPS GOOD LUCK
FX:GBPAUD I should also take in consideration the possibility of a bearish breakout, resuming long long-term bearish trend. In that case, within a lower time frame i will seek for a short entry after the corrective move, after the breakout. The target will be (again), an eventual AB=CD pattern that will complete "somewhere" inside the cluster zone. At this...
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
Here we´ve got a potential bullish Bat pattern with trend cought between a channel of structure, the pattern comes in at the psychological even number 1,91000 but we run into a resistance structure above so we are only looking at one target here, with stop below the channel support area. Good luck, i think the AUD is heavily over inflated so be careful with...
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This pair has often spoiled these setups.. but due to rebound in gbpusd.. I think we will get some boost in gbpaud too in coming sessions.
The price of GBP/AUD is approaching a double trendline that will either send it back or will be an opportunity to get LONG. Ideally we will see a break of this resistance and a return to it to test for support. If we get that we can go LONG from 1.8800 area. With GBP/AUD currently only just above the monthly 23.6 Fib level at 1.8159,should we move higher, it...
This pair is very oversold on the 1 hr, 4 hr, daily and weekly, I have added a long position on the bottom of the channel and will take half off at the top of channel and let the other half run as I believe it will break the channel upwards. Trade your own plan! Good Luck :)
Bat pattern is sitting up on GBPAUD