If price creates a false break at the weekly top TL sell this pair. If price bounces we have a bearish hidden divergence. SL 2 pips + spread above last high before the yellow line is broken. TP 1 38.2 FR of the last big cycle up 1.92.5 TP 2 1.83
after the price hits to 1.9750 it will be activated short setup
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...
The week have been very calm with all the news, not much setups for us here. But i just fell over this little short opportunity here on the GBPAUD 15 min. RSI is about to go overbought our PRZ level is 1,91520 Kind regards Thomas Jeff
Finally we got a Short trade here where market can´t invalidate our setup, we are already short, but its still possible to get in at market, or if price hit´s 1,85141 around resistance at our PRZ level. Stops and targets are as drawn on the chart. Here its holiday tomorrow so this is out last trade for the week. Good luck and good weekend. Kind Regards Thomas Jeff
FX:GBPAUD Safe Trades;
#GBPAUD Short 1.84520 TP 1.83800 Buy Stop 1.90520 #FXMademoiselle #FX
Looks like there is good indication of more down ward movement on this pair. Not much support bellow this area. Short on break.
Waiting for break of lower channel around 1.8556, has tested this level four times in the past nine days. Target is 0.618 fib with a shallow retracement of the major ABCD or 1.7709.
Good potential shorting opportunity here on GBP/AUD if we get a completion of the Deep Gartley, right at the resistance trend line. If the market blows right past the Gartley then we have another shorting opportunity at the retest of the structure highs/ Shark Pattern completion. You could skip the Gartley and wait for the Shark pattern, but regardless how you...
Head & shoulders pattern is already formed on the hourly chart. Expect to see a steep downtrend. Short-Position with a goal of 1.8621
Read text written in the chart.
FX:GBPAUD Safe Trades;
FX:GBPAUD Safe Trades;
Short Pound weakness with GBPAUD
This is one of the last trades I'm going to take this week. Not the kind of "stroke of genius" trade, but this week my results were so pathetic, that I'll be happy to afford single Big Mac menu from my weekly "profits" :-) So lets keep this simple. Closing bellow the trigger line means I'll be hitting the trade however I'll check the break twice. The later the...
If the pair pulls back to the 1.988 area there could be the potential to go short. Reasons to short - Trend is bearish Returning to a major SR level (blue line) The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (upper yellow box) A confluence of fibonacci levels from previous highs (inside...