I sold GBPAUD on 1.6488
1. nice 1H doji
2. RSI Overbought
3. Possible 0.618 extension if its right I will BUY on 1.6222
TP around 1.6222 (+260 pip)
SL above 1.6518 (-30 pip)
Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive
drive.google.com
Best regards :)
Aaron
Gbpaud trading around 1.6225 Great pattern we can see also its change weekly trend up to down. if hold below 1.65 we are expected 1.56-1.58 level soon
Advice sell in range of 1.6225-1.64 sl above 1.65 tp 1.57
Use small lots as Trade is Risk Vs Rewards
The GBPAUD is consolidating as it drops. One more good push might trigger a deeper consolidation, but I'm still holding for now. This pair has more room to drop.
If you are worried about a pullback, you could take profits here then re-enter after a deep consolidation.
GBP is not doing good these days. That's why I think there is room for a minor position in this >late< buy point. Because of the overall down trend on this chart and trading below all the EMA and MA's, it is save to say it might go a bit lower. I think it is fine to have a 160 stop-loss because it had 7 days straight with loses. So it might kick a bit soon. Trade...
If you catch the GBPAUD entry last night, this trade could turn into a mini position trade. If the 1.6400 area fails, we should see a bigger push down. Some of your may be tempted to take the 100+ pips now, but a lot more pips are waiting. I would at least leave part of your position open ;)
Keep an eye on news. News could cause a few spikes up, but the Sterling...
This should be a great place to short the GBPAUD. Former support is now resistance and the pair is testing that resistance. Pretty clean setup, not much else to say about this one. It will either work or it won't.
I'm using a 2:1 risk/reward on this on. I plan to hold this trade a bit longer than usual. I'm short @ 1.6544, Stop @ 1.6728, with my target not set...
Gbpaud Trading around 1.7060 level if hold below 1.72 we can see a drop toward 1.68-1.64
where if hold above 1.72 next we can see 1.76-1.78 level
For now Advice sell gbpaud cmp 1.7055 sl 1.72 TP 1.67-1.64
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
On the GBP.AUD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.7098 & 1.7141
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618%...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
After days and days of going sideways GbpAud finally did something interesting and went abruptly bullish this morning, I have placed some sells in the belief that after an abrupt ascent comes a descent.
Let me know what you think.
Looking for the pound to strengthen and then to short around 1.78 which will be a confluence of previous resistance and 200 moving average. It's also around the 38.2% retracement since the trend in May.
GBPAUD - 4HR - Bearish Bat - Short
Coupled with a bearish crab on the 1HR = as shown at same price point
We are coming into a type 2 trade a double top after pattern completion.
We have only hit oversold, ideally look for divergence on the 1 Hour for an entry, or buy 2-3 smaller parcels at intervals in case of price up a little before down.
