GBPAUD Divergence? Short

FX:GBPAUD240

British Pound/Australian DollarFXCM

Description

⋅ Feb 10, 2015 5:31 PM

GBPAUD Divergence? short till 200 EMA?

>> Unemployment data came out less than expected.
STOP OUT ===> >_< ==33

Comments

ForceFollower

⋅ Feb 12, 2015 11:53 AM

Price has made it to the outer sliding parallel. And almost hit 2.0. Almost, because it was actually missed. So I expect a further advance to the up side...

ForceFollower

⋅ Feb 11, 2015 12:12 PM

And taking a close look:

alex.a

⋅ Feb 11, 2015 12:56 PM

There is a better idea, then - after AUD's good unemployment data, (I speculate this way) which will bring GBPAUD down then buy GBPAUD. at least right back up where it was?

ForceFollower

⋅ Feb 11, 2015 12:09 PM

This market is at the top of its cycle, but the up trend is not over yet. It's just made a breakout. As long as the bull trend line holds, the trend is up. I think it's heading for the red border of the up channel.

GcNaif

⋅ Feb 11, 2015 9:00 PM

Thanks Force

manijeh.kazemi.33

⋅ Feb 11, 2015 12:01 PM

hi https://alexhttps://www.tradingview.com/v/EED0sS6g/

alex.a

⋅ Feb 11, 2015 12:46 PM

If you see my weekly, I know almost there.

alex.a

⋅ Feb 11, 2015 12:55 PM

For it to be this way, GBP's value goes down or AUD's value goes up. AUD's up? Yes, but GBP's down? I am not sure. Let's see how the future unfold

manijeh.kazemi.33

⋅ Feb 11, 2015 8:16 PM

thanks alex.a

alex.a

⋅ Feb 11, 2015 11:53 AM

So my plan is when tomorrow AUD data announcement, it will bring it down because I assume the data would be good, then I will do SL. Now, I am holding the -140 pips. Expecting at least 100 pips positive direction so I would do -40 pips loss. Finger is crossed.