This will become a longterm trade, a nice buy setup is in play. Wait for confirmation before you enter. Good luck everyone
Looking to short GBP/AUD short for a target around 1.60-1.6050 If you have any questions, support@tradingle.com
Garis Trend Support Telah Terlewati GBPAUD akan Down SELL POSISI Yang Baik Sekarang
Hi guys, the GBPAUD (and other GBP pairs) made nice runs yesterday. We should see another move down. The GBPAUD has a pretty clean entry point. Wait for short term support to fail, then jump in short. Trade safe and keep an eye on news!
We have approached a resistance trend line which started back on April 21st 2017 and a resistance dating back from May 6th 2010...if not even further back. We also have a bearish divergence on MACD and Momentum. If price breaks resistance it would be invalid.
There is a uptrend in GBP / AUD. Entry price - 1.65126 TP - 1.65274, SL - 1.64926
After May's speech I'm expecting a big up move, but first, I think there'll be a retracement till 1.63 zone, so I placed a pending order and I'll wait. TP and Stop Loss are shown in the chart :)
The GBPAUD has been down trending pretty strong over the past couple of weeks. We catch a large leg of the initial move down. We may get a chance to grab another leg. However, if resistance fails after my trade entry, I will reverse my position. Consolidation is not out of question for this pair. My Plan: I will short the GBPAUD if/when the price reaches the top...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive drive.google.com Best regards :) Aaron
GBP is not doing good these days. That's why I think there is room for a minor position in this >late< buy point. Because of the overall down trend on this chart and trading below all the EMA and MA's, it is save to say it might go a bit lower. I think it is fine to have a 160 stop-loss because it had 7 days straight with loses. So it might kick a bit soon. Trade...
If you catch the GBPAUD entry last night, this trade could turn into a mini position trade. If the 1.6400 area fails, we should see a bigger push down. Some of your may be tempted to take the 100+ pips now, but a lot more pips are waiting. I would at least leave part of your position open ;) Keep an eye on news. News could cause a few spikes up, but the Sterling...
The GBPAUD long term trend is most definitely bearish. However, the recent move is likely to bounce off the 1.6542 level. I would guess a short Fib bounce, then back down again. We have Retail Sales coming up shortly, so keep an eye on that. Buy near 1.6542 with a pretty tight stop (because this is a counter-trend trade), hold for a consolation move, then reverse...
Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Wait for the potential breakout trade. When the price breaks the immediate resistance line, wait for weak pullback and bullish signal to long 2. A strong bullish signal bounce from the 20-EMA line, a good signal to long now. Can long...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Note: GBP/AUD formed a SWING SETUP! It able to breaks the current support zone and the pullback fall to 20-EMA and Support Zone. After that, few bullish bars shown to bounce back to the bullish trend A high R/R trade to entry now :)
1D CHART WE SEE THAT GBPAUD FORMED A CUP WITH HANDLE AND NOW I AM WAITING TO GO UP ! 1.76000 WILL BE MY FINAL TP !