FX:GBPAUD   British Pound / Australian Dollar
834 10 13
Hello traders, have a potential short setup on this pair with trend line as well as a structure at the entry. Also we have bearish divergence on this pair. Dont really have a target for this pair. Would like to hold it for the remainder of the week. Cheers
Might also have a potential ab=cd
I have a very similar analysis and outlook on this pair. Thanks for sharing! It's good when people have the same perspective.
Hi... Long term I m bearish on this pair as per my idea that I have posted here but however in current week, I m looking to have short on EurAud, since its better than GbpAud due to Euro weakness. Thanks for posting your idea & congratulations for being selected as idea of the day. Keep the pips. =)
+1 Reply
AkashGaur FxSaint
Thanks a lot and also amazing analysis on the charts you posted. May the pips be with you lol

here is what I am talking about, 1h chart.
Sorry i don't really trade this often so cant really comment on the frequency of the false breakouts as you mentioned earlier. However, i try not to depend on just indicators. as a matter of fact i like to keep my charts as clean as i can, so there were various other reasons then just the bearish divergence on this chart. Also like i said i don't depend or use indicators so its hard to interpret what you are saying on the chart that you posted.
+1 Reply
Sure, that would be so nice....! Bearish divergence on stochastic are not very reliable and this pair is notorious for giving false signals. I would fully pay attention to the horizontal resistance line, even more than the divergence. Stil, I want to see it down since I have some shorts here.
GBP will rally together with USD at least up to december, because of now more hawkish fed (my fav: long GBPNZD or short NZDUSD). NZD had a ridiculous run last few weeks.
(nothing against your technical analysis, just sharing my fundamental view, no offense)
All the best
Congratulations! Your chart has been selected to be the highlighted post of the day. This is a great example of indicator divergence from price action.
+1 Reply
AkashGaur walker.england
Thankyou! Appreciate it :)
how do you look at the potential bearish h&s formation. currently at the shoulder?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out