This pair has recently formed a bearish flag right at 50% retracement and at Daily Resistance level which has numerous price activity around said level. Also notice that price is at the Bottom Cloud foreboding a breakout any moment. Volume is also decreasing as price rallies higher indicating that this is not a legitimate bullish move. Stochastics also...
We have a short technical setup that matches our sell signal generated by our system.
Keep an eye on GBP/AUD, it might actually pull back 300 pips higher at it's most if this wave happens. This is an idea, make your own analysis, and once the move confirmed, invest properly. Happy trading!
Hi traders!I hold a point:Good charts do not need more words to explain! Good luck! AB=CD
We have approached a resistance trend line which started back on April 21st 2017 and a resistance dating back from May 6th 2010...if not even further back. We also have a bearish divergence on MACD and Momentum. If price breaks resistance it would be invalid.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive drive.google.com Best regards :) Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Im in now half from 1.6665 and next half waited pinbar pullback ~1.6630 if it move here SL 1.6580 or 1.6565 I dont know now I will see the PA
GBPAUD breaking out or tripple top???
Previous support at around 1.83000 formed in April is likely to be this pair's next resistance, but the LONG bias will only be valid if we break 1.78000 and maintain price above this level. Around the 1.783000 level, the ichimoku cloud will hopefully act act as some resistance together with the 50% and 61.8% Fibonacci retracement levels. What do YOU...