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
Sell FX:GBPAUD after breakout of ascending channel!!
GBP/AUD so far so good......watching for further movement and pivot price action to move stop and reduce my risk further.
THIS IS A TRADE IDEA - NOT ACTUAL TRADE GBPAUD Bearish on Weekly Chart THIS IS AS LONG TERM PLAN 1. Bearish Engulfiing Candle Stick at the Back Side of the Trend line 2. StochRSI over bought 3. Price Retraced from 50% fob level of the Down AB Swing / Fib # 2 I will be Selling till .618 retracement of Weekly UP AB Swing! Target @1.96795 Then if price crossed...
with the trendline broken am expecting a nice pullback. RSI is oversold in daily time frame and MACD cross over about to happen too. SL ; 2.04721 TP : 2.00039 / 1.96773
Head and Shoulder Pattern Price @ back side of up trend line Price retraced from .382 fib level/ Restesting the retracement SELL ONLY IF BEARISH CANDLE STICK FORMATION OCCURS BELOW THE TREND LINE (BLUE) OR ANY OTHER REVERSAL AT 15M CHART TARGET: 5 PIP BELOW 1.618 fib extension of down AB Swing .618 retracement of UP AB Swing
BB is sqezee now.Wait for D point to confrim.
GBPAUD currently hitting resistance line of a bearish trend since September last year. Taking Fibonacci from the highest point of the current trend (in August last year) and lowest point from April this yea), it hits 0.3 Fib level. Structure + 0.3 Fib + Over-bought daily chart, all indicate short. Good luck!
short at 1.9786 ? tp 1.9670 ? what you guys think
If price creates a false break at the weekly top TL sell this pair. If price bounces we have a bearish hidden divergence. SL 2 pips + spread above last high before the yellow line is broken. TP 1 38.2 FR of the last big cycle up 1.92.5 TP 2 1.83
after the price hits to 1.9750 it will be activated short setup
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
The week have been very calm with all the news, not much setups for us here. But i just fell over this little short opportunity here on the GBPAUD 15 min. RSI is about to go overbought our PRZ level is 1,91520 Kind regards Thomas Jeff