GBPAUD - I liked and still do feel GBPAUD has great trading opportunities, I've been swing/day trading GBPAUD.
Hope you had or having a great weekend...so far!
Let's dive into GBPAUD - Technical aspects:
Support: 1.77900, 1.77585, 1.76860, 1.76295
Resistance: 1.76295, 1.80200, 1.80450, 1.8100, 1.81580
How to play this trade idea?
TP for my last GBPAUD trade almost hit!!! Few pips to go.
If price respects Trend line which i dont perceive happening, then we might be going short. However, i expect price to break and retest trend line for me to go long. lets see
GBP/AUD is overbought levels in weekly rsi, DeMarker, and bb
Weekly MACZ-Vwap crossover for short-sell
Weekly Moving averages are crossing for short-sell
1.800 take-profit target and 1.9320 stop-loss
Retail sales expected bullish for AUD later
Bearish expected construction for GBP later
NFP is bullish expected so GBP/USD are short-selling
Considering a long position once it hits the black region stated, if daily pullbacks still occur.
RSI could look to approach oversold region, helping aid a reversal.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas &...