GBPAUD broke the structure and potentially continue the downtrend. Please use proper money management and lot size. it's a swing trade. Please hit like to support and follow for more ideas.. Vinny
An opportunity has presented itself to ride GBP/AUD short. As price breaks current level, they will go down until they find a strong support. GBP/AUD is currently bearish in long term until oversold. Preserving your capital comes first. Next comes growing it.
Good break to the downside on GBPAUD will be making risk free later on. Finally a good powerful breakout been holding this trade for some time so always good to see your patience paying off.
Shorting GBPAUD for my SWING position. might jump little before going down. Patience is the key! Please hit "LIKE" to support.
I have been waiting for this opportunity since yesterday morning. A pullback to the 50% fib level was achieved along with a perfect shooting star and trend line rejection on the 2hr. I will be taking this down to retest structure at 1.78500 support area with a nice R:R
General trend seems bearish, might get a minor pull back before a huge sell or we could possible see a waterfall at CMP depending on how the market reacts in the coming week.
GBPAUD is testing major resistance at 1.7974 (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and a strong reaction could occur at this level to drive price down to 1.7439 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding...
GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a...
CURRENCY PAIR: GBPAUD; Time Frame: 4H - 1H; SHORT OPPORTUNITY. R/R Ratio : 3.0 Descending triangle.
Entry 88.6 Stops under X Targets 38.2 and 61.8
Looking for a bullish leg up to the 1.65000 level. RSI divergence on daily TF. Currently sitting on a daily C.T.L. Some 61.8 fib level rejection.
GBPAUD Long MACD Divergence Bullish reversal Candlesticks On Daily time frame
We have a short technical setup that matches our sell signal generated by our system.
Keep an eye on GBP/AUD, it might actually pull back 300 pips higher at it's most if this wave happens. This is an idea, make your own analysis, and once the move confirmed, invest properly. Happy trading!
Another move down is likely.