FX_IDC:GBPAUD Safe Trades;
A good SR zone around 1.7400, price exhaustion and MACD bearish divergence. Will target around 1.7270 with SL of 1.743
Price is at a place where historically is considered a turning point. added to that we get confluence with the 76.8% Fib level and the 200 EMA that has acted as a major level for this pair in the past.
GBPAUD brekout the H4 Triangle and the Daily channel going lower. I want to add a short position up to 1.66, the 161,8% Fibonacci retracement. EP is the market 1.683 SL 1.695 and TP 1.66
I'll go long from this level to 1.815/1.83. In this zone I think that some sell order will be placed. Let's see. P.s. have a look at my previous chart on this pair. Cheers, Ramadeda
FX:GBPAUD Safe Trades
GBPAUD breaking out or tripple top???
FX:GBPAUD Safe Trades;
This FX pairs remains down. So far no significant upside correction. Only the last couple of days brought some minor (= internal) breathing into this market. Overall direction remains down, hold on to shorts.
The price finding resistance at 1.76350 area . Bearish as long as resistance area remains intact. As intraday trading strategy. we must get Bearish signal confirmed by trading below 1.75055 with potential target at 1.73394