This pair has been in a long downtrend and has recently pushed up to an a supply zone. We may have an opportunity here to short this pair and potentially gain 4/500 pips on a 1:10 risk reward ratio if the longer term downtrend continues.
This has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish. Target...
Double top at major key resistance followed by RSI divergence. Sell position.
Our updated GBPAUD chart further to our previous idea We expect a further rise to 1,836
GA Gonna Short for Hidden Bearish Divergence 1st TP 1.7866 2nd TP 1.776
Hey traders, I'm currently short on GBPAUD. Let me know your thoughts below.
Been short this what seems like forever (and making lots of money!!) with still miles and miles to go - down! This is easily the 2nd best trade (Short) of 2021. Here is the long term picture;
As we can see market is following Trendline (Since 1-12-2020) And now now create a bearish engulfing candle stick pattern which confirm a bearish movemnet.
As we can see a flag pattern and TL test for bullish run. So we are expecting a long term bullish run after TRENDLINE TEST.
Our updated chart with 4 take profit levels
Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money...
GBPAUD, touches a very strong trend line! Watch out friends!
Gbpaud forming bottom aroung 1.7430. divide risk on multiple positions, use low risk add more on dip, probability to retest bottom 1.7430. initial target 1.7900. if opened multiple positions by dividing risk then partial hold with breakeven for longer term bull run.
Hi Traders, On the following confluences I like to Sell this pair. 1. Down trend. 2. Key Level (S/R zone) 3. Supply Zone 4. Bearish Pin Bar as price rejection and downward signal. Good Luck
Preconditions: - Large Accumulation. - global trend down - local trend down - The downward movement will continue. Push like if you think this is a useful idea! Thanks for your support!
As we can see market is in following support and TL. Now we are expecting a fakeout near support for long up side move.