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
GBPAUD has yet to show us any breakout strength. I am expecting price to retest 1.7964 resistance level and clean rejection there will give us a great short opportunity. As we can see, GBPAUD has been consolidating within this support and resistance level for sometime. If price breaks below my moving average lines, we can expect a great BEARISH movement to the...
GA Gonna Short for Hidden Bearish Divergence 1st TP 1.7866 2nd TP 1.776
Please check the chart for the trade breakdown.
Please check the chart for the trade breakdown.
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;
This is at a big support level so looking to take a long position soon. MACD is showing on the daily that this is still bearish as it is below 0. I expect this to drop slightly from its current position, if it meets the support area marked in blue then that could be a good entry point with SL just below the lowest point of the support. TP is set at 0.382 Fibonacci...
As we can see the Pair is in a longterm downward trend and is now approaching a key level (1.77500) nearing its longterm downwards trend line. I will be looking to short this pair down to its key support at 1.76000 Price also at the top of its rising wedge
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 is still under the bearish structure. So once we have a break of the current H4 zone than sell on a retest would be a very good option to target the low.