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wildcreamlife
Apr 3, 2018 3:44 PM

GBPAUD is it going higher to go lower? Short

FX:GBPAUD60
British Pound/Australian DollarFXCM

Description

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Red Balls = Targets?

As we see, the price is breaking the box of tiny consolidation to go higher, but strong enough to hold it?

We have trend resistance, 200 MA (red line) and double top (dotted blue line). Enough? Just >1.2% bearish.


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Trade closed: target reached

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Do not take more actions for now. Coming a pretty nice monday.

Trend AnalysisWave AnalysisBeyond Technical AnalysisGBPAUDpoundaussie
Comments
nishu900
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Sir, Did you like my idea of breaking 1.83611 first and then move lower :) ?
wildcreamlife
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@nishu900, Sure, that's the way to see the charts and look up for opportunities, well done!. Sorry for not answering before, but too busy and very upset with tradingview moderators so thinking to quit very soon. Cheers, and wish you a nice weekend!
nishu900
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@wildcreamlife, Thanks, appreciate your reply.
I am still in learning phase.
nishu900
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It seems it will go higher first and break 1.83611 and then it will go lower. My orders for sell are sitting above 1.83611 with appropriate SL.
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