GBPAUD-multiple reasons to short

FX_IDC:GBPAUD   British Pound / Australian Dollar
389 5 5
A good setup for next week, i see here multiple reason for a short entry.

- Triple top with double divergence
- multiple pinbars-rejections from 2.1500
- strong psychonumber 2.15000
- first convergence-divergence setup after a long rally (this offers a R/R ratio at least 1:2)

SL above 2.1500
Minimum expected target : last lows (400 pips)
Second target: near 2.05 (700 pips)

Happy weekend!!
Opinion on the gbp/cad??
FullTimeTrader caspar.wikstrom
Hello: MOVE.COM. Trading is not winning all the time, losing is a part of the game!. Most important is be disciplined following the plan and keeping a good R/R ratio. This one looking better for next week following the GBPNZD and GBPJPY declines. Regards.
+1 Reply
IvanLabrie PRO FullTimeTrader
GBPAUD is a beast of its own, same as gbpcad, they just trend up. :)
Nice going on NZDCAD mate, I entered a pair trade today and it went well, looks like nzdusd and nzdcad might have bottomed indeed after more thorough analysis.
FullTimeTrader IvanLabrie
Thanks, do no forget a rate cut on NZD is inminet so i will looks for shorts on NZDCAD higher. This is jus a needed deep correction.
This is my long termp plan for the NZDCAD
RamprasadSanthanam FullTimeTrader
I am still holding my short GBPAUD at various levels avg Short at 2.1567 any views for this week ? Thanks
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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