GBP/AUD Short Idea (6/17/19) 4HR Chart
- We have had rejection of the 200 EMA along with the rejction of the 50% fib level.
- The EMA's have just crossed and news has just brought price back up to retest it.
- Target is @ 1.80000 right in confluence with my first fib extension
Double Bottom - Weekly Ranging buy
Breakout of H1 Trendline and a quick retest.
Might have waited for a few hours for a better retest, but the psychological angst of missing a good trade kicked in. Now I am in the trade with a wide stoploss, because this pair WILL kick you out of a poorly executed trade.
REASON FOR ENTRY: The hourly quick retest candlestick was...
GBP/AUD Long Idea (6/3/19) 1HR Chart
- Looking for price to come retest into the disturbance level, and then correct with the up coming fundamental news for AUD coming out
- 35 pip stop loss with a target of 1.8340 to the next weekly disturbance level.
Just publishing late:
This pair have been consolidating since last week, will not take this trade until it breaks out from it's consolidation period. However, I do expect price to breakout to the downside.
GBPAUD has arrived at support area and there can be seen that in the h4 candle that there is no momentum to the downside, hence i am seeing a good buy opportunity with an indication of an bullish engulf candle at my buy position .
We are predicting the Harmonic Bat Pattern to complete as shown on the 4 hr chart. Price action is showing a downward trend giving the pattern confirmation. Our strategy is to trade the 4th leg of the pattern and we will post updated with targets. FX:GBPAUD
The pair has completed a head and shoulders pattern, as you can see here on the 1 hour chart, which has signaled a move to the downside. Price action recently broke below the neck line, which now has become resistance, and price action is now testing that resistance level. We are currently predicting price action to continue to decline. FX:GBPAUD
We can see 3 key levels on this pairing which took me seconds to spot on opening this chart.
The top resistance level you can see was hit many times exactly 1 year ago in March/April 2018 and look where price is currently at, it touched this level with a massive bullish candle which was followed by 2 days of bearish movement, this is no coincidence its where the...
We see the formation and completion of this AB=CD harmonic pattern on the daily chart. Price action has also reached a major support zone at the completion of this pattern. We are currently long with take profits set on the green zones. FX:GBPAUD