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Gbpaudbreakout

GBPAUD SWING TRADE 11-OCTOBER-2020Good day traders/investors. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday GBPAUD-Technical/Fundamental analysis ⚡️The price is about to reach the .50 Fibonacci retracement level of recent high and low ⚡️It has trading within a falling channel ⚡️1.81300 level will act as major resistance for the bull ⚡️Swing target would be around 1.79270 ⚡️Price trading around middle of the Bollinger bands ⚡️200 Exponential moving average is acting as decent support for the BULL ⚡️Ichimoku cloud is still shows bullish trend and the Price within the cloud ⚡️RSI is around the neutral level ⚡️Upper side trend line will act as a resistance for the bear and this is our expected entry point ⚡️MACD oscillators are about to cross and the histogram is turned pale red ⚡️In daily timeframe both 50,100 EMA is acting as nice support for the bearish trend ⚡️As the Brexit deadline is approaching the chances for the no deal Brexit is arising and it will negatively impact the GBP pairs SWING TRADE-GBPAUD SELL @ 1.80650 Take profit @ 1.79360 Stop lose @ 1.81340 95 Pips target Don't risk more than 1% of your capital
by forexorbit
GBPAUD Short OpportunityThis pair has recently formed a bearish flag right at 50% retracement and at Daily Resistance level which has numerous price activity around said level. Also notice that price is at the Bottom Cloud foreboding a breakout any moment. Volume is also decreasing as price rallies higher indicating that this is not a legitimate bullish move. Stochastics also indicate that price is ready for a free fall as it is in overbought territories. We enter positions either at the breakout of the bearish flag and/or Daily Resistance, or for more a conservative approach upon breakout of the trendline and place our stop losses above the bearish flag with take profit levels placed at a 1:1 ration of the pole measured from the breakout
Short
by UnknownUnicorn1066662