Gbp-aud
GBPAUD sell potential is off the charts *peep the pips* GBPAUD restested the strong key support/resistance area box. This will be a good re-entry/continuation trade for the pair. AUD news coming out in a couple hours which is looking positive which could push GBPAUD lower. Check out the 1h chart or the 2h chart and you'll see price reversing exactly at the key area box. Some good indications but if you place a fibonnaci from the last high to the low you'll see the 32.8% fib is just at the top of the key area box so this trade is rather risky. Overall, I'll check on the trade after the news settles and I get home tonight.
GBPAUD - FOREX - 02. MAR. 2020Welcome to our weekly trade setup ( GBPCAD )!
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1 HOUR
Bearish break towards support zone.
4 HOUR
Overall bullish market with a pullback now.
DAILY
Great long entries and risk reward on this one.
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FOREX SETUP
BUY GBPAUD
ENTRY LEVEL @ 1.95060
SL @ 1.93650
TP @ 1.97850
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
This time we gonna nail this gbpaud down !! mua hahaha :D on the 2nd of feb we managed to get a nice sell signal on gbpaud ., now we have another chance to sell gbpaud , our trade signal is for monday night 2nd march . we will look for selling opportunities. we can use a tight sl just above the top level around 1.99.
we also witnessed strong bear divergence on euraud chart , and we dont have any divergence on eurgbp so we believe that gbpaud will be great trade.
wish you good luck and happy profits .
Don't miss the great sell opportunity in GBPAUDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.9655). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 1.9522
TP2= @ 1.9343
TP3= @ 1.8765
SL: Break Above R2
Don't miss the great sell opportunity in GBPAUDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.9655). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 1.9522
TP2= @ 1.9343
TP3= @ 1.8765
SL: Break Above R2
GBPAUD SHORT TRADEFalse breakout occurred on GBPAUD pair after reaching supply zone at level 1.9754
MACD shows bearish momentum
RSI is in downtrend
We r waiting breaking support level at 1.9655 to open short position
First target will be at key level 1.9418
then second target will be at demand zone at level 1.9187
GBPAUD POSSIBLE PULLBACKHave been greatly debating if i should post this setup this week.
We are at a very unique and critical entry level due to last weeks high and this monthly supply we are testing.
I understand we can even go flying from here onward but reward v risk will due the job.
Please message me with any questions tips or suggestions! -CO