gbpaud multi timeframe analysis

FX:GBPAUD   British Pound / Australian Dollar
We became bearish as soon as we broke the resistance area . It means that we have a higher probability of going down than up. Once we decided what side of the market we are likely to stay at, let's see what bearish signals we can get at the required area from our trading system on lower timeframes. A bat pattern is a very nice signal. I'm not looking for some huge moves. A retest of recent lows (almost 300 pips) will be more than enough.
Lower than 1.9011 is rather unlikely but we'll see.
I want to short this one as well, then buy once the retracement slows down as long as above 1.89643.
It's seen on daily that we are making lower lows and lower highs. This probable downward movement shouldn't be considered as a correction. It should be considered as an impulse. To catch this impulse is the core idea of my analysis.
IvanLabrie Alexander_Nikitin
I'm thinking the move down is a correction from a larger uptrend, but either way...let's short and make some pips ;)
around 1.9070 or towards 1.8950?
Alexander_Nikitin KevinSinghDhaliwal
it's more then a 50% probability that we'll come to 1.8950. But keep in mind - it's only a probability.
KevinSinghDhaliwal Alexander_Nikitin
thats true lets see
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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