KevinSinghDhaliwal
Short

GBPAUD Pattern attack 2.0

FX:GBPAUD   British Pound/Australian Dollar
Hello
We have few potential reversal points in my opinion but most likely this pair can be berish around reversal point 1 and 2. The targets are based on two patterns and are highlighted on the chart.

Lets see and Good Luck
very good charting bud. I support Purple(butterfly) C reversal i.e Reversal Point 3 but even green could be a good one.
+1 Reply
Thanks GcNaif :) and yes maybe pullback from this point but butterfly could be a strong reversal as you said. Lets see
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Watching and trading this pairs for few days..Its gonna go down for sure but AUD is giving hard time which is pushing this pair up..
+1 Reply
Hello, thanks for reminding me this and all the guys here. Although most of us are technical traders we should not forget fundamental information because that macroforces drives the market. Weak currencies are better for shorts. Right now the AUD is extremely weak, the AUDUSD last week broke important support 0.700 and is falling like a stone, only a miracle will save me because im already short here. It would be better to look for other GBP crosses, for example, the GBPCAD because oil has bottomed and will rally soon (hence GBP will fall). This chart shows the GBPAUD and AUDUSD correlation. Regards

snapshot
+2 Reply
KevinSinghDhaliwal FullTimeTrader
Hi FullTimeTrader, thanks for this. AUD is falling like a stone indeed, so lets see how this works out! The correlation does put this into perspective. Good Luck
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Hey ChetanFX, yea AUD is falling really quickly. But at this point have to see how this trade goes.
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GBPAUD Wolfe Wave
+4 Reply
thanks for posting this, looks like the bat might be in play after all
+1 Reply
Nice work mate, keep up the good work. Enjoy your weekend :)
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Hey moneymaking, thank you. Cheers!
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Target 1 hit
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Gekko.uk KevinSinghDhaliwal
Hey Kevin. Good work. I am waiting on a short retracement for a reentry
+1 Reply
Might be adding another position myself
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ChetanFX KevinSinghDhaliwal
Greak.. Looks like AUD is recovering..
+1 Reply
yess!
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Target 2 reached
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GcNaif MOD KevinSinghDhaliwal
nice, well done
+1 Reply
:)
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