Previous TP Already Hit (300 Pips) However New Buy Op From The Break Above Key Short Term Resistance At 2.168 Next Target Would Be Key Daily Resistance At 2.211 CONFLUENCES For Next Buy Op PA Above 20,50 & 200 Ma Both Short & Mid Term Key Bearish Structure Within 240 Chart Broken Double Bottom Formed At Daily Chart Short & Mid Term Momentum To Upside Gold Also...
GBPAUD has formed an inverse head and shoulders pattern on the 4hr time frame which is a very strong bullish signal. It has a price projection of about 550 pips from the neckline up. This is a very volatile pair so it may chop around before hitting it's target at around 2.1750.
FX:GBPAUD Completed wave 1, retracement expected between the 50% and 61.8%, wave 3 as an 161% extension of wave 1, and wave 5 = to wave 1. Buy the wave 3 IF we get a valid wave 2 retracement (50% or 61.8%), and IF we bounce over the support @1.877; Eventual Gartley Pattern; GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point...
Potential long on the GBPAUD. Stoch is oversold, RSI is also in an over sold position, we have also hit minor support at 2.08803 from the previous low. For another strong move we will be monitoring the RSI, waiting for it to breakthrough resistance, if so then we draw a horizontal support line where the break occurs then Short the GBPAUD until the RSI breaks back...
Wave counter shows we have a optimistic expectations, nice weekend, guys.
Read text written in the chart.
X-E wave pattern inside a descending triangle, if support holds i'd like to see this pair break to the upside
standard range bound stuff going on. GBPAUD became oversold these last few hours so should hit a retracement.
read the text written in the chart.
Waiting on Bullish confirmation to enter long for a potential push through the 2.20388 zone.
Possible bat pattern is it finishes. Let me know what you think. any comments are welcome. thanks, Good Luck with your trades
Learn 2 trade like a pro boafx.com - This is an advance warning to look out for a candle stick reversal pattern at this current price. The RBA have just kept rates on hold which has caused the AUD to strengthen but the GBP is the stronger currency at the moment and should pull back at some point. The current price is strong support so we will be looking for a...
Long at D! Targets on Chart! Safe Trades!
It looks like we have a clear 3 wave move in the 15 min GBP/AUD chart At 2:30AM London time we have Australian GDP and Chinese CPI Data My Idea is to go long on a break of wave b(2.0749) with a stop below wave c (2.0600)
Closed at 2.04988 + 311 euro profit. -------------------------------------------------------------- Not sure - but a possible WW bullish. Disclaimer - im a noobie :)