Jacksonian
Short

GBPAUD Short, Target at least 500 pips!

FX:GBPAUD   British Pound/Australian Dollar
7 months ago
Looking at a 1 hour chart, there are great things going our way. We see that the ADX shows very low power, and that the pair will make a big move soon. Since the ADX shows power being built up, we need to look for which way the move will be. The MACD shows downward momentum , and there is also divergence in the MACD . Take a look at the RSI . There is also divergence in the RSI . The pair is reaching a pretty high point. 2 things might happen.
1.The pair will go up, spike, and then drop hard.
2.The pair will have a decent drop, work its way back up, the EMA's will cross down, and the pair will tank.
Either way, downtrend if forming. If you want to be risky, but safe, don't place a stop loss within 300 pips above where it is currently at. We could see this pair run up a little bit more, but probability shows that it should go down.
Also, 4 hour charts show divergence.
7 months ago
Comment: The pair is still in a frozen state, and will be making a move soon. This is shown by the previous frozen state that it could take a week or so
TucoRamirez7e
7 months ago
ouch!
Reply
Jacksonian TucoRamirez7e
7 months ago
Yeah, that one hurt. The AUD got a new head in there Federal Reserve Bank, so it threw things off quite a bit.
Reply
Jacksonian Jacksonian
7 months ago
As of right now, its a matter of waiting for the 1h emas to cross
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out