GBPAUD is expected to drop to 1st support at 1.91640 where it could potentially react off and up to 1st resistance at 1.94198. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Price pulled back from trendline resistance on weekly chart, don't expect the price to retest, the pair will move downwards due to brexit.
Market is over bought now and tomorrow morning we have Brexit and I as per my view, UK Pound will badly go down. Keep using tight stop loss.
GBPAUD Watching GBPAUD really closely. I am favoring a big push to the downside soon, but feel before that will happened we will see GBPAUD push back up and reject off resistance at least one more time which would provide us with a good entry.
GBPAUD Looking really good. I feel we are going to see a bigger move to the downside soon. I feel we are going to see one more slight push back up into resistance before that happens. Keeping a very close eye on GBPAUD potential trade soon!
As we can see RSI us UP to zone one H4 timeframe and technical analyze tells us that it's time to retest down at 1.91650
Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
I think correction should be end soon and the main trend start continues.
GBP/AUD Short Daily in ob levels cci and rsi in my os/ob setup GBP will be bear at interest rate economic calendar release AUD release will be bullish CPI QoQ and MoM
wave five in play until it take wave 4 bottom. lets see how it hold. wait for your confirmations nice 200 pip move a head
Daily TF closed with a reversal candle, we look for sell conformations on 4Hr then enter on Lower TF - Keep watch on candlestick analysis on 4Hr for more confirmations
After topping out last December. Price seems to be making a series of lower highs labeled 1-2, (i) - (ii). Price is expected to resume the downtrend from or near the current level. The breach of the green line or a break out of the flag channel will confirm the bearish trend is still intact.
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, horizontal line. The Confirmative Line of Chikou Span has crossed the price chart from below, the cloud is currently descending. This instrument has entered the cloud. The cloud border serves as the closest support level (1.8884) and the closest resistance level (1.8961) On the daily chart...
GbpAud has difficulties in maintaining its uptrend. The pair has failed to stay above 1.9 figure and is trading in a very tight range for its volatility. A close under 1.88 would expose 1.84 support in the medium term.
GBPAUD GA looking very good. We do have pound news tomorrow so we have to keep that in mind. I would like for us to see a nice push to the upside then some clean rejections. We need to sit on our hands now with this pair and remain patient.