EK_Analysis
Short

Don't SELL GBPAUD, for now!

FX:GBPAUD   British Pound / Australian Dollar
You may say: What a BS! isn't it a SHORT idea?! So what's with the title?!

If you're going to sell GBPAUD , please hold on. Take a deep breath and wait for the right moment to come.
When would it be? sorry you have to wait about two weeks. Remember you don't have to hold your breath! Just hold your trade! :)

There are two obvious reason for this: CRAB harmonic pattern and hitting top of the uptrend channel . You may also find some divergences around in some indicators such as MACD and RSI .
So you may want to sell the pair cautiously around 13 Feb/2.005 (As I always said my analysis is time bounded, means has Entry and TP for both PRICE and TIME)
The SL has shown on the chart.

Keep in mind that sentiment around the BREXIT and CORONA virus can push things different. So be sensitive about TIME. If price hit the ENTRY before 13 FEB, Forget this and go for other pairs. It's too dangerous!
Good luck with your trade.

Enjoy this trade and if you find this useful don't forget to hit the LIKE!!!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out