Gbpaudbreakout
GBPAUD SELLGA looking like a nice sell setup, if you're not in this already look for retest of the purple box area, and rejection on the 15 min time frame. Looking like a nice opportunity to sell around this area due to the fact it is rejecting the fib levels we look out for as well descending trend line and rejection of the EMA.
Take partial profits at the given levels.
200 pip gain 4/1 RR
GBPAUD / M15 / Technical ChartGBPAUD / M15 / Technical Chart
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DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight into my trading techniques, you should do your own due diligence and not take this information as a trade signal.
GBP/AUD - 200 Pips Opportunity - Incoming DropGBP/AUD has currently a strong bearish momentum and by the looks of the 4H chart, it is without support (Weak and can fall more).
To catch this potential move, put your SL above the 4H 50 EMA.
Tip: Always keep in mind that what matters in trading is to be profitable on the long term and not the result of one trade alone.
Trade safe.
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