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GBPAUD FOREX BREAKDOWN 14 FEBRUARY 2019
Strong bearish movement towards our entry price
Pullback after forming new H4 Highs
Overall bullish waving market with several pullbacks
ENTRY @ 1.80150
SL @ 1.78380 (175 Pips)
TP @ 1.82800 (260 Pips)
RR: 1.50, use 1/3 risk!
IF YOU HAVE ANY...
Chart time frame - H4
Timeframe - 1-2 Days
Actions on -
A – Activating Event
Currency Pair breaking through resistance line and heading to next strong resistance line
B – Beliefs
Market move towards the first Target 1 level @ 1.85
Entered @ Sign up for details
Stop Loss @ Sign up for...
This pair got a nice move back up last week before ending up testing tenken sen and the kumo here. We do have an early kumo twist to a bullish cloud and we are currently hold at the top of the kumo which is coinciding with tenken sen support as well which is typically a very strong support level. Both kijun sen and tenken sen have flattened out a bit here...
NZDJPY is approaching its resistance at 1.8432 (Horizontal swing high resistance, 61.8% Fibonacci extension , 78.6% Fiboancci retracement) where it could potentially drop to its support at 1.8158 (Horizontal pullback support, 50% Fiboancci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding bounce could occur.
GBPUSD is approaching our first support at 1.7892 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.8181 (50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should...
GBPAUD IS CURRENTLY CONSOLIDATING AROUND THE 50.0% FIB LEVEL
WILL BE LOOKING OUT FOR A BULLISH ENGULFING CANDLE THEN A RETEST TO BUY.
IF THIS COMPLETES, GBPAUD WILL BE GOING ON ITS 5TH WAVE.
THE RED ZONE IS A VERY IMPORTANT ZONE TO LOOK OUT FOR
BE CAREFUL WITH YOU TAKE PROFITS
It's clearly time to go for a long on GBPAUD, which offer us great Risk Reward Ratio.
GBPAUD is currently testing previous structure and support, meanwhile its still in uptrend move on lower TFs.
We can see also beutiful bullish flag formed and awaiting break for confluence of this move to 1.83200
SL should be below the recently formed low and below...
This is a strong uptrend. 7 Feb shows a strong pinbar indicating a further uptrend. Both 50 and 200 sma is beneath the trend, also supporting the uptrend.
This might go up to 1.84188 at least. Keep an on on a further up after that to about 1.8490.
This is not trading advice.
This is my own analysis and may be way wrong
On the 4 hour and Daily, there is a strong potential of a shark pattern completing for GBPAUD .
As of right now, any pullback is for the short. Fundamentally speaking, the bearish sentiment falling on GBP and AUD strength aligns itself with the technical analysis on this pair.
If and once price reaches the target zone for entry, look for reversal candlestick...
Hello traders! In the last month and a half the GBPAUD has created a Bullish trendline. The price of the GBPAUD is getting close to this trendline again, and so we should expect a bounce up from this trendline, when the price gets there. The Long situation is even better because the RSI is Oversold and MACD is dropping down and it might be forming a cross. In this...
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GBPAUD FOREX BREAKDOWN 30 JANUARY 2018
Price melted toward our support zone, good entrys now!
Very bearish reaction to 1.85000!
Overall Bullish trend and price action with a pullback
ENTRY @ 1.81020
SL @ 1.78800 (220 Pips)
TP @ 1.84370 (330 Pips)
RR: 1.50, USE 1/3 OF NORMAL RISK!...