GBP/AUD: Bullish Hide Divergence
In this analysis, Great Britain Pound/Australian Dollar could to show us another opportunity to take in our hand, we see a potential long position with my perspective.
1. Daily Timeframe:
As your see, we're in the possible bulish channel perspective that in theory, it's mean any possible bought in this zone to go higher until some points, but based in my experience, I know it how this chartist pattern work as we could to see that Pound could to strengthen in front of Aussie. But we see from this Daily a neutral market with some of bullish perspective to take in note in short term movement.
2. H4 Timeframe:
But now, in H1 I will consider that our latest smart point it's in the yellow zone that I mark in this confluence and reaction that price could to do it.
In H4, we see a hidden bullish divergence in the RSI and price action, where RSI make lower high an pricea action make lower low, this it's look a possible change of trend that we would to take note in our analysis and apply it. But I believe that we're in the good zone to put a buy order limit more below in he smart point to cached this trade.
"As we see in Euro/Australian Dollar that I'm cached 257 pips in earnings in this week".
What I will put a buy order place to $1.6927 AUD and SL to $1.6881 AUD and my objective will be $1.7115 AUD. This look a potential trade to catch this opportunity and buy in the smart zone
So guys, if you foudn out that this idea look interesting, please share this analysis with your friends or trader that might to have a trading plan in GBP/AUD.
1. Daily Timeframe:
As your see, we're in the possible bulish channel perspective that in theory, it's mean any possible bought in this zone to go higher until some points, but based in my experience, I know it how this chartist pattern work as we could to see that Pound could to strengthen in front of Aussie. But we see from this Daily a neutral market with some of bullish perspective to take in note in short term movement.
2. H4 Timeframe:
But now, in H1 I will consider that our latest smart point it's in the yellow zone that I mark in this confluence and reaction that price could to do it.
In H4, we see a hidden bullish divergence in the RSI and price action, where RSI make lower high an pricea action make lower low, this it's look a possible change of trend that we would to take note in our analysis and apply it. But I believe that we're in the good zone to put a buy order limit more below in he smart point to cached this trade.
"As we see in Euro/Australian Dollar that I'm cached 257 pips in earnings in this week".
What I will put a buy order place to $1.6927 AUD and SL to $1.6881 AUD and my objective will be $1.7115 AUD. This look a potential trade to catch this opportunity and buy in the smart zone
So guys, if you foudn out that this idea look interesting, please share this analysis with your friends or trader that might to have a trading plan in GBP/AUD.
Comment:
The're not any change for now, keep hold this long posiiton until $0.7120 AUD. My tarrget profit.
Comment:
We continue our Daily focus explain very well in this analysis.
Comment:
At the moment, on Thursday I made a good entry in the smart point and the movement was until almost 96 pips, that it's a good chance to closed up this partial trade and get 96 pips in profit, as I dont closed up as the movement was where I was dream in my bed what I closed up my trade in the morning, this movement was in the early time.
At the moment, GBP/AUD made this break out of this bullish channel flag formed in H4 timerame, waht my prediction for now it's very good my right movement to up.
I have 74 pips in profit.
This was a smart point that I put my buy order place. An awesome trade in this week.