GBPAUD is approaching our first resistance at 1.7957 (Horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.7835 (38.2% Fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding fall in price ...
GBPAUD is testing its support at 1.7722 (50% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 1.8360 (23.6% Fibonacci retracement , horizontal swing high resistance).
Stochastic (21, 5, 3) is testing its support at 0.9% where a corresponding bounce could occur.
Hello traders, due to the brexit vote, I expect a bullish run for GA to 1.8050. The pullback already happened and the trendline broke.
See you at the top!
--Eldiablo1234--
We are expecting price to move down a bit before and retest lower range levels today ...
This analysis is for expected price movement only . we have not entered any trade on GBP today ,
Thanks.
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the ...
Hello traders,
Remember this :
Now GBPAUD reverse again , moving south this time.
On weekly chart, GBPAUD HAS 2000 PIPS down for the new weekly swing.
Our SIGNAL already has target 1 hit with 200 pips. More pips coming from the down trend.
Less is more!
OANDA:GBPAUD
I have tried this pair before and I got stopped a couple of times and others the trades went as planned. Due to the weekly conditions, I am hoping to catch a good entry this time. I wouldnt short just yet till some more data is created.
This is a long time trade for me as usual.
1.77xx entry
Stop loss should be set according to your ...
Weekly- huge bullish exhaustion, Bearish engulfing, under S/D zone.
Dail- MA's are bullish, bearish exhaustion! but under S/D zone.
8h-Gap, need to be filled? MAS are bearish/ under S/D zone!
4h- LL's, & LH's, under S/D zone! potential double top? MA's are touching (bullish)
1h- MAS are bullish, S/D double top? Even though previous structure is broken on smaller TF!?
The British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity super cycle and a decline in China’s growth.
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