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Gbp-aud

GBP/AUD: Power candle, I'm buying it!I am bullish on this pair. The reasons are the following: - Price is above the daily pivot level - Price is above the KUMO (cloud) - Price is producing higher lows and higher highs - Price bounced off the cloud as a trend continuation - We have a power candle as highlighted in my chart. So it seems at the moment buyers > sellers Power candles are candles with thick bodies. Their closing should be located at the highs (if it's bullish) or at the lows (if it's bearish). We shouldn't see any kind of large wicks at the closing of these candles. A power candle is also usually exceeding the range of the previous candles (highs-lows). I am targeting the previous highs as T1 and the fib level as T2. Trade with care and at your own risk
Long
by SwissPips
2
GBPAUD - SWING - 20. JULY. 2020Welcome to our weekly trade setup ( GBPAUD )! - 1 HOUR Very bullish price action and closure above main sr level. 4 HOUR Great market movement, prices at their lows. DAILY Good long entries following pa. - FOREX SWING BUY GBPAUD ENTRY LEVEL @ 1.80320 SL @ 1.79400 TP @ 1.81630 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
14