One of my favorite Setups. Right now, where we stand, stucture is complete. So, we can have a really big move to the downside. Otherwise, if we make a new high Ill have to re-look the stucture. But again, really nice Risk Reward
XABD Bearish bat pattern on GBPAUD, i think its time to short this pair... what do you think guys, Please like and comment...
Use position size calculator DO NOT RISK more than 1% SL: 1.76800 TP: 1.87000
GBPAUD IS PULLING BACK AND WE LIKELY TO SEE A TREND CONTINUATION
Sell limit if price reaches 1.83009 (.236%fibretracement) will be looking for wick entry because price has not retested that zone yet but once. Entry: 1.83009 TP 1 : 1.81655 (129 pips) TP 2 : 1.80582 (242.7.1 pips) TP 3 : 1.79401 (360.1 pips) SL: 1.84164 (115.1 pips) GBPAUD could continue to find floor at 1.7904
The volume of the GBPAUD should be more in line with the higher timeframe to support the rising moving price. the volatility of the volume does not move then the price will slow down and reversal going in the opposite direction.
GBPAUD Short Plan Open Sell #1: 1.74356 Open Sell #2: 1.75667 Take Profit: 1.69128 Stop Loss: 1.76599
CURRENCY PAIR: GBPAUD; Time Frame: 4H - 1H; SHORT OPPORTUNITY. R/R Ratio : 3.0 Descending triangle.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
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...