You can open this position.You must follow my ideas for changes. Sometimes I change stop loss or take profit points. If it hits Take Profit 1 point you can close half of your positions.And you can do stop loss point take profit 1 point.Than we wait for Take Profit 2 point.
Analysis
-GBPAUD showing signs of reversal after buyers pushed price up into resistance two times but sellers pushed down both times before the 4H candle close.
-This price action resulted in a 4H doji/pinbar setup AT RESISTANCE which is a bearish sign meaning sellers may be stepping in the market.
-There is also RSI divergence on the 1hour chart further ...
Lower high and red trend bar on 15M FAST
Price rejected off quarter theory resistance three times
Price broke pitchfork support and retested at 1M
Broken uptrend on 15M
Approaching resistance, possible sell opportunity into the first target of 30pips. Possible retest of trend line and resistance in the future and breaking the 15 minute trendline structure towards the second target
We can see a double bottom pattern in the hart and thereafter, an upward wave is formed. There is now a second wave is taking shape.
I think an ascending trend is forming.
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--
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.
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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