Gbpaudbullish
GBPAUD BUY!!Price got pushed up from 1.59478 support last month and has no re-entered the rectangle pattern on the daily chart . Looks like the price wants to retest the lower support of the pattern i.e. 1.71801 before it goes all the way up to 1.78057 !!
I'll take a Limit order placed at 1.71801 with 1.78057 being my final Target !!
GBPAUD LongGBPAUD has reached our major support cluster after forming a double top. I now anticipate GBPAUD to complet the double top paattern with a restest of the neckline and return to its bearish movement confirrming the double top signal. We aree taking the retracement as a signal and buying GBPAUD to take profit on the neckline.
Buy GBPAUD after breakout and retestThere was a good wedge for GBPAUD to trade and I took profit of it, now I'm expecting new wave to break the resistance and create a new buy signal, don't enter the trade before the breakout.
In the other scenario it can go down from here for another leg but i dont see any reason for that to happen. I will be bullish on this pair for long time.
Hint: The London opening will show us which way to trade trade after London breakout to increase the winning rate.
GBP/AUD Back Up To ResistanceBit late to this one unfortunately, was going to post about it yesterday but didn't. It has given up all its gains from last weeks spike and filled in most of the daily wick and is now turning back higher. MACD and EMA's have this pushing back up to resistance at 1.80235. From there wait to see if it can break above.
GBPAUD: creating a strong Buying OpportunityGBPAUD is staying in its long term trend-line which is also the 50% Fibo level (1.835 Level). RSI is also giving over sold signal.
GBPAUD in next few days is expecting t gain some momentum to for a Pull up at 1.885 level.
Signal: Bullish as the price is near the Higher Lows Zone of the pattern.
Used Analytical Tools:
a) Fibonacci
b) Trend Line
c) RSI
GBPAUD LONGDouble Bottom - Weekly Ranging buy
Breakout of H1 Trendline and a quick retest.
Might have waited for a few hours for a better retest, but the psychological angst of missing a good trade kicked in. Now I am in the trade with a wide stoploss, because this pair WILL kick you out of a poorly executed trade.
REASON FOR ENTRY: The hourly quick retest candlestick was a bullish pinbar.
MESSY ANALYSIS:
This was my previous successful sell's analysis that I want to keep on my chart. Let's hope for the best.
TP could also go all the way up to form a triple top!