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.
There is a uptrend in GBP / AUD. Entry price - 1.65126 TP - 1.65274, SL - 1.64926
After May's speech I'm expecting a big up move, but first, I think there'll be a retracement till 1.63 zone, so I placed a pending order and I'll wait. TP and Stop Loss are shown in the chart :)
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
Gbpaud trading around 1.65 after having 700 pips. now we can see on h4 Strong demand zone and seems gbpusd pairs also taking support so we can see a correction toward 50% level Advice to buy in range of 1.650-1.6430 sl below 1.6350 tp 1.67
GBPAUD buy, cci crossed trend line 1h frame, target:1.69850
Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Wait for the potential breakout trade. When the price breaks the immediate resistance line, wait for weak pullback and bullish signal to long 2. A strong bullish signal bounce from the 20-EMA line, a good signal to long now. Can long...
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
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
Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Zoom into H4 chart, there is an immediate resistance line at 1.715x level, wait for price correction or pullback to 20-EMA and bullish signal to long 2. Wait the price pullback to support zone and bullish signal to long 3. If the...
Note: GBP/AUD formed a SWING SETUP! It able to breaks the current support zone and the pullback fall to 20-EMA and Support Zone. After that, few bullish bars shown to bounce back to the bullish trend A high R/R trade to entry now :)
I have a bullish sentiment on Gbp Aud, that resistance over there should hold for a while before sending it up. Let me know your thoughts.