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.
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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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 FullTimeTrader
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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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
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sry, i don`t think so, daily slow cci shows heavy uptrend, just reversed from ema34... i am expecting upside break and new high...
+1 Reply
IvanLabrie look4edge
Indeed, AUD is not particularly strong just yet.
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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
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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