GA
NY SESSION: 7:45 short - GBPAUDOvershoot @1.88100 resistance up to @1.88400 over London session.
right before our NY session, we had a rejection back under @1.88100 resistance on the 1H chart.
I followed popular bias and shorted.
2 entries @1.88150. 30min prior support now turned resistance. Confirmed by the hourly chart.
Currently up +25 pips.
we've been waiting for sellers to take over this prize zone since the beginning of the week. Let's see if we get a break of support.
GA DownGA has come out to the trendline for a 3rd touch, we have seem a little pressure breaking through but the price action looks more like a fakeout than anything else. This region has also been an important are of value and support for previous price. Those 2, as well as the fact that price action seems to be dying out and losing steam, indicates to me that we can finally see our push lower from our important region of 1.88 to our next sub key level of 1.8550.
250 PIPS on the table
Please comment your thoughts and ideas regarding this
Simple Structure Breakout but anticipating HUGE DROPGBPAUD
After a huge rally, can see price currently running out of steam to climb further.
Price currently doing correction
Setup: SB +Re & ABC
Confluence:
BRN
Equilibrium Zone
Entry:
Sell @ 1.8800, SL @ 18950 (150 pips), TP @ 1860(200 pips)
Let's see how it goes.
GA Shorts With target areaInstagram - smartmoneytrading
GA - 4H
Price is currently at the first magnetisation area, and looks like it wants to break through after failing to reverse at this area
As you know Teresa May is resigning as the PM on the 7th of June, so i do anticipate further downside to the main magnetisation area and you will see a stop/price momentum change when it does arrive at this area
There is no confidence in her as PM so her leaving could be seen as positive for GBP and could see a short term rally back up (i say short term because there is still Brexit uncertainty)
At the same time AUD central banks are looking to lower the interest rates which will weaken AUD and these 2 fundamentals together could produce a very nice run to the upside
Similar situation on GN and GJ which will be coming soon
Please share this instagram and telegram account as there will be more to come (on an intraday scale aswell as swing trades)
All is for free, i am sick of seeing people posting analysis that makes no sense on a fundamental or technical level and costing people money also selling courses that are copied from baby pips!
Trade like the banks, not a retailer!