FX:GBPAUD   British Pound/Australian Dollar
828 10 13
a year ago
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
a year ago
Comment:
snapshot

Might also have a potential ab=cd
IG @fxtoronto
Twitter @fx_toronto
Youtube channel :https://www.youtube.com/channel/UCfXNYTXdWGulVH9qvsjr-Vw
DM for coaching
8000034855
a year ago
how do you look at the potential bearish h&s formation. currently at the shoulder?
Reply
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
Fxtoronto walker.england
a year ago
Thankyou! Appreciate it :)
Reply
fulowa
a year ago
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
Reply
sorinT PRO
a year ago
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.
Reply
sorinT PRO
a year ago
snapshot


here is what I am talking about, 1h chart.
Reply
Fxtoronto sorinT
a year ago
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.
Regards
+1 Reply
FxSaint
a year ago
Hi... Long term I m bearish on this pair as per my idea that I have posted here
GbpAud - Trend Changing ?
but however in current week, I m looking to have short on EurAud, since its better than GbpAud due to Euro weakness.
WEEKLY ANALYSIS (26-30 / OCT 2015) - EurAud
Thanks for posting your idea & congratulations for being selected as idea of the day. Keep the pips. =)
+1 Reply
Fxtoronto FxSaint
a year ago
Thanks a lot and also amazing analysis on the charts you posted. May the pips be with you lol
Reply
SamuelHorton
a year ago
I have a very similar analysis and outlook on this pair. Thanks for sharing! It's good when people have the same perspective.
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 Account and Billing Sign Out