FullTimeTrader
Short

GBPAUD-H4-some retracement after a rally

FX:GBPAUD   British Pound/Australian Dollar
321 8 5
After a strong rally i expect some retracement at this level.
We have a bounce on channel, horizontal resistance and bollinger band duplication.

Good luck.
GcNaif MOD
2 years ago
good one, even i m waiting for it for a while, i dont know how much more down AU will go,when AU starts retracement then this one starts going down
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Minuteman
2 years ago
This pair is going to the moon soon I think: 2.01 is my mild target for half my trades. I am heavily long on this pair with lowest order @ 1.949.
+1 Reply
look4edge
2 years ago
sry, i don`t think so, daily slow cci shows heavy uptrend, just reversed from ema34... i am expecting upside break and new high...
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IvanLabrie TOP look4edge
2 years ago
Indeed, AUD is not particularly strong just yet.
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HiTech PRO
2 years ago
Looks very bullish, I think its a bit risky to catch the falling knife :) lets see how it goes.
By the way here is mine
GBPAUD ABOUT TO RESUME AN UPTREND
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FullTimeTrader
2 years ago
I agree the trade is risky, but its short term. Target 1 may be more "realistic". On the other hand, I have also on W1 a big shark pattern in confluence with a three drives pattern. So i expect a deeper retracement. The price 2.00 will not easy to break.......
....
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HiTech PRO FullTimeTrader
2 years ago
agree about 2.00 hard to break, but don't forget about stop loss hunting :) In anyway, for the short term trade could go well, good luck
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HiTech PRO
2 years ago
I am out of my long position, daily shows some potential correction, you might be very right here on the short term trade. by the way check all cad pairs, cad does look very very weak
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