FX:GBPAUD   British Pound/Australian Dollar
629 77 8
2 years ago
IMHO, i need to see price making another high bar next month and momentum giving me a nice bearish divergence to consider holding a big short position

Immediate resistance: the upper downtrend channel line
horizontal resistance: ~ 2.0693
a year ago
Comment:
snapshot
4 months ago
Comment:
snapshot
Both are currently weak pairs, I'd stay away for some time at least.
Although your levels look good.
+1 Reply
jangseohee IvanLabrie
2 years ago
ok
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IvanLabrie TOP jangseohee
2 years ago
What broker are you using?
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jangseohee IvanLabrie
2 years ago
Thinkorswim
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MertErten IvanLabrie
2 years ago
GBP losing strength overall,
AUD getting stronger vs USD.

I'm already in the short trade,
have a nice year.
+1 Reply
IvanLabrie TOP MertErten
2 years ago
Indeed, I failed to notice a few things...looks like a terrific setup.
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jangseohee MertErten
2 years ago
AUD also gaining strength on EUR
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jangseohee MertErten
2 years ago
bearish divergence happen faster than expected!
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jangseohee
2 years ago
longer data
snapshot
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jangseohee
2 years ago
though it didnt go as high as i expected, price did made another two higher monthly bar as expected
snapshot
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IvanLabrie TOP jangseohee
2 years ago
Could be forming a longer term wedge.
+1 Reply
jangseohee
2 years ago
snapshot
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jangseohee
2 years ago
a week ago, the black horizontal support was broken and price trying to test the resistance
snapshot
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jangseohee
2 years ago
snapshot
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jangseohee
2 years ago
look at that triangle in MACD
it is a short opportunity if it breaks down
snapshot
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jangseohee
2 years ago