Hey Traders, keep an eye on FX:GBPAUD , we are looking for this up wave. For us, the structure is ready to move up and print new highs, the corrective structure is completed and market is ready to start an up trend so we will be looking for our buy setups. P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses,...
Like most of my trades, following where the resistance levels are at and seeing if the price breaks or follows its trend history, in this case it looks to be following history as recent red candles have confirmed.
My idea today GBPAUD/short TP/Price zone TP1: 1.72600 TP2: 1.72400 TP3: 1.72200
GBPAUD - Intraday - We look to Buy at 1.7253 (stop at 1.7132) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A move lower faces tough support and we remain cautious on downside potential. Bespoke support is located at 1.7250. We therefore, prefer to fade into the dip with a tight stop in anticipation of a...
Over the last week the pair has been trending down in line with making a higher low. With the pound despite inflation data being negative making advances against both dollar and yen we expect to see the price push towards the upside of the this range. We have entered the trade long will hold for the 1.745 to 1.75 area. Good Luck
The GBPAUD has been trading within a very simple Rectangle pattern since early April, giving traders excellent sideways opportunities. At the moment the price is around the 1D MA50 (blue trend-line) but with the MACD on a Bearish Cross (all of whom led to Lows), it is more likely to see a new selling leg towards the Support of the pattern. This time, there is the...
Sell Limit entry: 1.75500 Stop loss order: 1.76300 Take profit order: 1.73300 *HEDGE(to minimize losses)-simultaneously OPEN a BUY STOP/LIMT order w/ SAME LOT SIZE as initial trade. Hedge position levels: Buy limit/stop: 1.75500 Take Profit: 1.76300 ( T/P = S/L from Initial Trade ) Stop loss: 1.75250 ( S/L = 0-250 pips...
GBPAUD - Intraday - We look to Sell at 1.7642 (stop at 1.7717) Intraday signals are bearish. Rallies continue to attract sellers. We can see no technical reason for a change of trend. Trend line resistance is located at 1.7650. Further downside is expected although we prefer to sell into rallies close to the 1.7650 level. Our profit targets will be 1.7453 and...
Price can go either way, place a trade when it breaks the symmetrical triangle. Please Like, share and comment.
Price broke our ascending trendline, showing some strenght on bears side, bearish engulfing on 4h confirming our sell.
GBPAUD - Intraday - We look to Buy at 1.7580 (stop at 1.7512) Previous resistance at 1.7570 now becomes support. Support could prove difficult to breakdown. We expect a reversal in this move. Dip buying offers good risk/reward. Our profit targets will be 1.7780 and 1.7800 Resistance: 1.7750 / 1.8120 / 1.9100 Support: 1.7570 / 1.7200 / 1.6200 Risk...
Hey traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.768 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
FX:GBPAUD Dont Forget Money Management ! Dont Forget Risk Free ! This is swing Position .
Close above the zone would make this play invalid. Trim as each zone is hit
There isn't much to update on the GBPAUD pair, as since our last analysis on April 21, the price has been following our plan in a very precise way: As you see, the similarities with the July - October 2020 sequence have paid off and the price action continues to follow that pattern. We are now at the point where the pair is consolidating around the 1D MA50...
Recap of last week and an update to what I expect to see this week.
Hey traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.74 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.