GBPAUD Continue it's bullish move as it moves out of the triangle. The distance traveled by each subsequent wave reduces in length. This has the effect of contracting the range of the wave, hence the name! A low risk trade can be placed at the end of wave 'e' with the idea of catching the market as it turns back into the trend.
long term trade. click the link in my bio to see my results..300-500 pips per week
-WAIT FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION
we can see manipulation at the white box in the charts, right after that huge move to the upside. possible test of the zone before moving to the upside, zone also in confluence with tren line to the down side.
I opened buy order on GBPUSD at 1.3204 SL - 1.3155 TP - 1.3380 RRR - 3.59 Reason - Price was breakout 4hour and 1hour angle level. SL 50 pips. And 178 pips to renew near high. If GBPUSD now has good volatility so it can be good order.
Monday, Tuesday and Wednesday - has main news for GBP pairs. But pair has big long impulse on 7 feb. And next - 3 lower lows on correction. So right now we can open long position on GBPUSD on 1.2920 SL on - 1.2851 - near 70 pips - big SL so use not big order volume. TP - 1.3100 and RiskRewardRatio - 2.64.
rejection of houtly zone in confluence with fib retracement tool 0.382 and engulfing at the 1h.
GBPUSD at support zone. look at the chart , wait for reaction.
Fundamentals:- the bar on interest rates changed slightly for the U.K. when another member of the MPC voted to hike rates; making the vote 3-0-6. Although we still don't expect a rate hike this year it does bring the tightening of monetary policy into a more realistic curve upward. This could bring the GBP back from its recent sell off against some of the weaker...
GbpNzd is nearing the lower range of its upwards channel. Based on the indicators there's still enough buying pressure and trend strength left for GbpNzd to go up. And a break of the lower range isn't very likely. Take profit: 1.89>1.92 Stop loss: 1.87. If the lower range does break then switch to sell for 400-500 pips target
Putting my head on a block with this one as there are a few variables to consider in the time that I expect this move to happen but as it stands at the moment the fundamentals are starting to point to the USD long positions starting to fizzle out by Mid 2016 I fully expect the USD to be a neutral currency. The GBP did have dovish comments from Mark Carney...