GBPAUD is Bulish Retraced Back from .236 fib level of up AB Swing
I missed my original entry last week on this trade. Now I'm hoping the market will be kind to me and put in a Double Bottom around the 2.0277 Support Level. The Bat Pattern has already hit Target #1... So don't buy it based on the Bat because that trade is already over. IF, market Double Bottoms there: THEN, I will buy next bar market. Stops - Below...
with the trendline broken am expecting a nice pullback. RSI is oversold in daily time frame and MACD cross over about to happen too. SL ; 2.04721 TP : 2.00039 / 1.96773
Here we got a similar situation as we just posted on the EURGBP a Bat formation on an even handle number 2,0700 for a potential continuation of the trend. Our setup is a little too high for a good structure confluence, and we are going onto heavy news, so watch out before you engage in this situation, it´s just an idea. Kind Regards Thomas Jeff
Bit of a look at the trend line on the 45 min chart. If GBP rebounds from this lower trend line I'll look to continue with the long approach
GBPAUD seems to have made a Double Bottom Reversal. Higher prices are expected.
BB is sqezee now.Wait for D point to confrim.
STRATEGY -- History Repeat it self again and again, market always goes in wave. -- It's correction and impulse. -- At Hear End of Correction (one small down move expected, After that Big UP Move ) RISK 75 PIPS REWARDS 300 PIPS GOOD LUCK
FX:GBPAUD I should also take in consideration the possibility of a bearish breakout, resuming long long-term bearish trend. In that case, within a lower time frame i will seek for a short entry after the corrective move, after the breakout. The target will be (again), an eventual AB=CD pattern that will complete "somewhere" inside the cluster zone. At this...
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
Here we´ve got a potential bullish Bat pattern with trend cought between a channel of structure, the pattern comes in at the psychological even number 1,91000 but we run into a resistance structure above so we are only looking at one target here, with stop below the channel support area. Good luck, i think the AUD is heavily over inflated so be careful with...
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This pair has often spoiled these setups.. but due to rebound in gbpusd.. I think we will get some boost in gbpaud too in coming sessions.
The price of GBP/AUD is approaching a double trendline that will either send it back or will be an opportunity to get LONG. Ideally we will see a break of this resistance and a return to it to test for support. If we get that we can go LONG from 1.8800 area. With GBP/AUD currently only just above the monthly 23.6 Fib level at 1.8159,should we move higher, it...