NTrading
Long

GBPAUD Possible Long

FX:GBPAUD   British Pound/Australian Dollar
339 19 14
8 months ago
GBPAUD             break out of a wedge, however for a valid breakout we need to wait for correction. Possible entry can be found in a smaller timeframe correction

Thank you!
8 months ago
Comment:
snapshot


If it breaks the upper trendline we will have an entry
8 months ago
Comment: Still on this position once we got the breakout, i move SL to breakeven, before tonight we will have high impact news in Asia Session.

If i get out in BE and it goes higher later, it does not matter i will just lose a chance but not money.
8 months ago
Comment: Trade closed in Breakeven Stop Loss.

Maybe i lose a big change maybe not, we will see in 10 minutes.
8 months ago
Comment: Looking for possible long entry again if it breaks the structure to the top

snapshot
8 months ago
Comment: Still waiting for a possible long entry. Details on chart

snapshot
8 months ago
Comment: No longer waiting for a trade on this pair.
newbie2016
8 months ago
nice.. here is my setup and deal

GBPAUD with A :)
+1 Reply
NTrading newbie2016
8 months ago
Thank you for your feedback,

Yes the gap is still open and needs to be closed so in first correction i will trade it for huge R:R
+1 Reply
newbie2016 NTrading
8 months ago
yes.. but for more confirmation it needs to close 4hr candle above 1.91 figure... we have double bottom in place and now it is above neckline of it.. so 4hr candle closing above 1.91 will bring massive rise towards 1.92.3 and 1.96
+2 Reply
newbie2016
8 months ago
but still it needs to close 4hr candle above resistance trendline..
+2 Reply
NTrading newbie2016
8 months ago
According to smaller timeframe analysis (1 Hour) it closed above the trendline. In addition 4 Hour candle will probably follow the direction.

GBPAUD was in big downtrend for last 3 weeks and in bigger timeframes i expect a correction too.
+1 Reply
newbie2016 NTrading
8 months ago
i think it is done downside.. only consolidation.. it is close to big support now.. so some action upside coming on way.. regarding gbpusd i am bullish and i thik we are going for 1.47 now.. so it will go for 2.0 and high soon
+2 Reply
newbie2016 newbie2016
8 months ago
big pips on way in this pair..
+2 Reply
newbie2016
8 months ago
impulisve breakout of 4hr.. now at 55 sma on 4hr and at resistance..

GBPAUD Buy Setup
Reply
Csys
8 months ago
I feel obliged to tell that this is not a valid wedge and that is not a valid break-away. This one will most probably be a loser, depending on your targets. If your targets are tight, you may have a nice scalping profit though.
+1 Reply
NTrading Csys
8 months ago
Thank you for your feedback, in the worst case Stop Loss is there to protect me.
+2 Reply
newbie2016
8 months ago
It seems like some has capped upside at 1.9085 area :) aud fallen 100 pips but not so much effect as per normal gbpaud movement due to capped area of 1.9085 - 1.91.. This is something fishy.. though gbpaud closed successfully last 2 candles of 4hr above 20 ema.. but still capped below 1.91.. RBA minutes in asian session... lets see what we get!
+1 Reply
NTrading newbie2016
8 months ago
Yes, i expected higher momentum on this up movement and this is the reason i moved my Stop Loss on Breakeven. Momentum higher did not happen and we have JPY bank and AUD bank during the Asia session.

I prefer to loss a chance to make money than losing money.
+1 Reply
newbie2016 NTrading
8 months ago
If we check price action of gbpaud from last 3 sessions then it is making base below 1.90.. it kept nicely lows of thursday and friday and now we have 2 double bottoms.. it created 1 today right at friday low.. so keeping that in mind.. it seems it will rock upside for 1.95 but price action close to 1.9085 is fishy :)
+1 Reply
NTrading newbie2016
8 months ago
I will keep it in mind, thank you for your feedback mate!
+1 Reply
newbie2016 NTrading
8 months ago
:)
Reply
newbie2016
8 months ago
check this..

snapshot
+1 Reply
NTrading newbie2016
8 months ago
Nice view, thank you
Reply
newbie2016 NTrading
8 months ago
your welcome :)
Reply
sainthun PRO
8 months ago
great like always
Reply
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