Jollymolly
Long

GBPAUD Buy Setup for 1.92 and 1.95 with little stop

FX:GBPAUD   British Pound / Australian Dollar
GBPAUD Buy Setup for 1.92 and 1.95 with little stop

Reversal boosting.. as gbpjpy also on old resistance which now is support... and gbpusd already taken out stops above 1.31... So buy signal with very little stop!!!!!!!!

Risk reward is way high...
Jan 17
Comment: I am expecting not only reversal in gbpaud... but in all gbp pairs.. last time gbp did same at 1.24 figures before going 1.27... and it was fallen in similar passtion from 1.25 and then went 1.24 then towards 1.27..

So i am bullish on all gbp pairs as i am holding gbpusd long too under 1.30.. If i will be wrong then loss will be little but if correct then risk reward is too high!!!
Jan 17
Comment: Gbpusd good buy too.. Inverted head and shoulders pattern formation on way... Stop 1.298
Jan 17
Comment: All GBP pairs rising.. So history is repeating itself... GBP pairs massive rise in coming days... Low of today is now bottom as per my view.. Cuz last time when it went 1.24.. Low remain and new highs... Let's see!!! 1.34 target for gu and 1.47 to 1.52 for Gbpjpy... Eurgbp deep penetration too
Jan 17
Comment: gbpjpy, gbpnok, gbpaud, gbpchf, gbpcad and gbpnzd have gap on 1 min chart.. gap of spike once they fallen.. i will move my stop after gap filled...
Jan 18
Comment: 2 levels to watch on Monday.. For bullish side break above 1.8955 and for bearish side break of 1.887.. Any side break will decide fate of gbpaud not only on intra-day but weekly as well.. Break of any side will set momentum of week..

On Friday, gbpaud didn't touched the rising trendline on 1hr and 4hr which was at 1.887. Even after such fall sharp it remained supported above... So its a bullish signal!!! On 4hr, daily and happens to be on weekly it has resistance trendline close to 1.895 and on Friday gbpaud got good resistance from 55 sma at 1.895.. So break of 1.895/6 will drive bulls and break of 1.887 will drive bears.. For bear side targets are very wide towards 1.85 and 1.77!!!!!!! Going below 1.887 will drive towards neckline of double bottom at 1.8766 and clears the way of 1.883 towards 1.877.. And in this case break daily Head & Shoulders Pattern will most likely confirm with target towards 1.85 initially towards 1.77.

On 1min chart it has an open gap of Friday fallen spike at 1.8983.. So as long as it stays above my defined figure of stop in chart.. I will remain bullish and will look for 1.92 and high.. There is also a probability.. It completes open gap and fall back.. So once it will cover gap I will move stop to entry as I have buy at 1.89 and under it.. Regarding gbpusd.. I am not completely bearish as it is in consolidation like all other major currency pairs.. And I am expecting rise in GBP pairs on Monday!
Jan 18
Comment:

Comments

gbpaud is a pair I follow as well, my view
+1 Reply
Jollymolly transparent-fx
@transparent-fx, you are very good in charts dude!!!! Sei bravo!!! Complement!!!!!
Reply
Good job
Reply
Jollymolly Saeed966
@Saeed966, it has an open gap at top on 1 min chart.. and gbpnzd too.. i am bullish on all gbp pairs.. holding gbpusd too
Reply
Thanks
Reply
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