FX:GBPAUD Safe Trades
GBPAUD breaking out or tripple top???
FX:GBPAUD Safe Trades;
This FX pairs remains down. So far no significant upside correction. Only the last couple of days brought some minor (= internal) breathing into this market. Overall direction remains down, hold on to shorts.
The price finding resistance at 1.76350 area . Bearish as long as resistance area remains intact. As intraday trading strategy. we must get Bearish signal confirmed by trading below 1.75055 with potential target at 1.73394
Sell FX:GBPAUD after breakout of ascending channel!!
GBP/AUD so far so good......watching for further movement and pivot price action to move stop and reduce my risk further.
THIS IS A TRADE IDEA - NOT ACTUAL TRADE GBPAUD Bearish on Weekly Chart THIS IS AS LONG TERM PLAN 1. Bearish Engulfiing Candle Stick at the Back Side of the Trend line 2. StochRSI over bought 3. Price Retraced from 50% fob level of the Down AB Swing / Fib # 2 I will be Selling till .618 retracement of Weekly UP AB Swing! Target @1.96795 Then if price crossed...
with the trendline broken am expecting a nice pullback. RSI is oversold in daily time frame and MACD cross over about to happen too. SL ; 2.04721 TP : 2.00039 / 1.96773
Head and Shoulder Pattern Price @ back side of up trend line Price retraced from .382 fib level/ Restesting the retracement SELL ONLY IF BEARISH CANDLE STICK FORMATION OCCURS BELOW THE TREND LINE (BLUE) OR ANY OTHER REVERSAL AT 15M CHART TARGET: 5 PIP BELOW 1.618 fib extension of down AB Swing .618 retracement of UP AB Swing
BB is sqezee now.Wait for D point to confrim.
GBPAUD currently hitting resistance line of a bearish trend since September last year. Taking Fibonacci from the highest point of the current trend (in August last year) and lowest point from April this yea), it hits 0.3 Fib level. Structure + 0.3 Fib + Over-bought daily chart, all indicate short. Good luck!
short at 1.9786 ? tp 1.9670 ? what you guys think