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FX:GBPAUD Safe Trades;
FX:GBPAUD Safe Trades;
Short Pound weakness with GBPAUD
This is one of the last trades I'm going to take this week. Not the kind of "stroke of genius" trade, but this week my results were so pathetic, that I'll be happy to afford single Big Mac menu from my weekly "profits" :-) So lets keep this simple. Closing bellow the trigger line means I'll be hitting the trade however I'll check the break twice. The later the...
If the pair pulls back to the 1.988 area there could be the potential to go short. Reasons to short - Trend is bearish Returning to a major SR level (blue line) The previous time it was at this level there was a strong sell off, and it is the first time it could return to this area (upper yellow box) A confluence of fibonacci levels from previous highs (inside...
Potential reverse expected at the decision zone due to the following :- 1- completion of Cypher pattern 2-completion of Three drives pattern (At lower time frame ) 3-0.618 , 0.50 Fib retracement for AB , CB legs 4- valid structure level 5-RSI overbought with regular divergence
20 day SMA being hit by a long bull run with no retracement. Price will likely push past then bounce back to the 8 day EMA. Stop is just outside of the price reversal zone.
-Firstly as we can clearly see we are in a down trend channel formation -We have had multiple bounces from the Top trend line which is now acting as Support -we formed double top on the 1H chart -We have also priced in lowers lowers Remember History repeats itself GoodLuck everyone
Sell Limit 2.01 SL. 2.034 TP. 2.0 1.997 1.99 1.98.5
Sell Limit: 2.043 SL. 2.05 TP. 2.04 2.03 2.022
I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. It appears that GBPAUD reacted on the Weekly S and triggered some buy orders sitting near by 2.02 levels. This was also a previous level of support from the start of this year. Generally I would...
GBP/AUD Sell Trade Idea Sell Limit: 2.0563 Stop Loss: 2.0763 TP. 2.04 2.02 2.0
GBPAUD is moving toward our marked zone and if all goes well as per my trade plan then I will be shorting in the identified region. Note that, We have two places to fix our stops,marked as Region1 & 2, according to your risk taking ability and trade plan choose any of the region to put stops. Both offers more than 1.5(R:R), so worth the risk if its as per your...
FX:GBPAUD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe trades;
FX:GBPAUD Sell the Bat if and when completed; Buy the 61.8% retracement; BAT : Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades;
A simple trend continuation trade with a great risk reward profile. Additional confluence added where price capped at the 76.4 fib retracement along with structure and daily fib levels. Trade safe
GA formed a shooting star on the daily at the 78% fib with a lower high failing to break 2.10000 Targeting priou support then 2.00000 if it breaks (fib Extension)