GBPAUD Bullish Divergence + Trend Resistance

FX:GBPAUD   British Pound / Australian Dollar
376 6 18
There may be an opportunity here for a long on GBPAUD             given a trend break. The potential for this move is supported by the bullish divergence (illustrated with the red lines). If it breaks the trend resistance (yellow line) The TP would placed in the area where the pair was previously ranging. A reversal here would also serve as a double bottom from post-Brexit lows.

R:R of position shown: 3.35

Don't forget to look for the PipSqueak Autotrade system on myfxbook.com and subscribe to my trades https://www.myfxbook.com/members/autotrade/pipsqueak/1583597
Still active?
QuileHills earthkamol
It hasn't hit my entry shown above. The order has been modified as shown in this chart
I agree we are looking at a nearing opportunity to go LONG, but I think we have a little lower to go. I think an entry closer to the 1.6950 - 1.6900 level would be a better price.
+1 Reply
QuileHills Bonavest
Definitely possible. I'm mostly just looking for the trend resistance break with the divergence sustained. The entry will be adjusted as the pair goes lower.
+1 Reply
Bonavest QuileHills
Hey hey... it hit my entry price.
QuileHills Bonavest
Best of luck.
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