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.
Hello traders,
As we can see in the chart, price is still in consolidation. However, wait for flag completion before selling. this may be a big trade to the downside worth 400-500 pips in coming weeks.
Good luck!
Easy money in your pocket...
1. ichimoku kumo bearish
2. TK crossover bearish
3. 3 black crow
4. red marubozu
5. RSI low
6. trend line support breach
PS: might give a little bounce.. change your stop loss as it drops down.. change TP as well.
Please hit "LIKE" to support
Vinny
Hello Traders,
If anything, I really think it is the best time to buy some AUD, earn some positive swaps and hold this for a long time. Why? Well, we can take a top down approach and consider some technical formation first from the weekly chart. First, notice that since last year GBP has been charting higher and in this pair, it is a 1000 pips away from recovering...
Hey Guys and Welcome,
GBPAUD broke previous week Lows, we are following „short“-term Trend with a good RR.
Very bearish Price action last two weeks, following this drop expecting another bigger drop...
Short: 1.76342
Sl: 1.76976 (60 Pips)
Tp1: 1.75657 (60 Pips)
Tp2: 1.74746 (160 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week!
Alan
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...
GBPAUD Trading around 1.7400 We can see a Weekly Pinbar
if hold below 1.76 we can see a drop toward 1.71-1.66
Use small lot size sell in range of 1.74-1.7550 SL above 1.77 TP 1 1.7100 TP2 1.67
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Simple chart on GBPAUD 1 hour time frame. This resistance has be tested 3 times so far. Keep a close eye on a possible break-out. The current candle seems to close at the resistance. If it gets rejected again it will be an easy 80-120 move down. So keep an eye on it because of the 1 hour candle closes above it then its a buy ofcourse.
GBPAUD is still fighting the same resistance and seems to fail to break it. It's now a nice opportunity to sell it with a stop a bit above the resistance. All though the focus now is on selling, a good break of this resistance will be a buying opportunity, so keep your stop in place and be versatile and ready to buy. But for now sell.
Open: around 0.7124
TP:...
