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Pound Aussie is at a major support level from its long term channel, as you can see the market has already been making recently higher highs and higher lows in the buy zone, now the Daily has also formed a Bullish Engulfing Candlestick Formation breaking the CTL. im waiting for a little pullback on the shorter time frame then its good to go.
bearish BAT pattern. tp1 and tp2 may change according to reversal price
See chart for illustration. Follow up from earlier publication ( see link below)
See chart for illustration
GBPAUD reversed off its resistance at 1.81492 where it could potentially drop further to 1.80863. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
My BIAS for GBP/AUD in the upcoming week will be a BUY. My reasons behind this are that we had 1.A previous ascending channel which has been broken and rested with a strong Bullish Engulfing Candle following the retest. 2.We are currently travelling above a recent Supply Zone and also a strong daily resistance which we've also seen act as support at 1.81300. I...
ascending triangle. waiting for the candle closing above the resisitance
GBPAUD is expected to drop to 1st support at 1.77192 where it could potentially react off and up to 1st resistance at 1.78877. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
LIKE, FOLLOW AND COMMENT if breaks higher, then follow move up
GBPAUD Sell Idea Join Our Free FX Signal Telegram Channel : t.me No VIP group ..absolutely free
-->> below daily support -->> downwards tendency -->> more sell coming
GBPAUD is expected to drop to 1st support at 1.78660 where it could potentially react off and up to 1st resistance at 1.79530. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The trend for Great Britain Pound Sterling (GBP) is still downtrend. I think the market is making an upward pullback in the event of prime minister resignation. Fundamentally, Great Britain will be facing a challenging time ahead with a possibility of hard Brexit. If Brexit were to occur, British economy will be damaged either soft or hard Brexit. It is a matter...
After getting in oversold area and finding support at the ascending trendline we had a few days with undecision candles. The pair has finally broken out to the upside. It has a lot of room to run and no real resistance until the 1.798 area. We will see how it reacts to that area, if broken we will be facing MA50 and MA200 before the next horizontal resistance at...