Short GBPAUD @ 1.81600 (full position), we have a Weekly Supply Zone ideal for shorts. Scale in your position from 1.80200
You can do 1/3 at a time up to 1.81600 or 1/2 at a time until 1.81600.
Target the immediate demand Zone sitting @ 1.73770
Use price action to determine exact entries and be smart
*This is not trading advice*
I have been waiting for this opportunity since yesterday morning. A pullback to the 50% fib level was achieved along with a perfect shooting star and trend line rejection on the 2hr. I will be taking this down to retest structure at 1.78500 support area with a nice R:R
General trend seems bearish, might get a minor pull back before a huge sell or we could possible see a waterfall at CMP depending on how the market reacts in the coming week.
Hello traders,
As we can see in the chart, price is still in consolidation. However, wait for flag completion before selling. this may be a big trade to the downside worth 400-500 pips in coming weeks.
Good luck!
Easy money in your pocket...
1. ichimoku kumo bearish
2. TK crossover bearish
3. 3 black crow
4. red marubozu
5. RSI low
6. trend line support breach
PS: might give a little bounce.. change your stop loss as it drops down.. change TP as well.
Please hit "LIKE" to support
Vinny
Hello Traders,
If anything, I really think it is the best time to buy some AUD, earn some positive swaps and hold this for a long time. Why? Well, we can take a top down approach and consider some technical formation first from the weekly chart. First, notice that since last year GBP has been charting higher and in this pair, it is a 1000 pips away from recovering...
Hey Guys and Welcome,
GBPAUD broke previous week Lows, we are following „short“-term Trend with a good RR.
Very bearish Price action last two weeks, following this drop expecting another bigger drop...
Short: 1.76342
Sl: 1.76976 (60 Pips)
Tp1: 1.75657 (60 Pips)
Tp2: 1.74746 (160 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week!
Alan
GBPAUD is testing major resistance at 1.7974 (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and a strong reaction could occur at this level to drive price down to 1.7439 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding...
GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% where a...
GBPAUD Trading around 1.7400 We can see a Weekly Pinbar
if hold below 1.76 we can see a drop toward 1.71-1.66
Use small lot size sell in range of 1.74-1.7550 SL above 1.77 TP 1 1.7100 TP2 1.67
