Gbpaudpattern
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.77192 where it could potentially react off and up to 1st resistance at 1.78877.
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Losses can exceed the initial investment so please ensure you fully
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GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.78660 where it could potentially react off and up to 1st resistance at 1.79530.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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15 Min
This time Frame is supporting a bullish outlook. Price above all MA's with RSI still facing up. MACD is now showing a bearish divergence. Expecting Move down soon
1 HOUR
Buys still in the Market so be careful MACD & STOCh Rsi both showing bearish divergence.
4 HOUR
Bearish. Price is making a correction of earlier bearish move. Price now testing the 38.2 % fib retracement point. Price is also below all MA's with price about to test the 100 WMA.
OVERALL
Bearish Outlook expecting the bearish momentum to continue
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GBPAUD approaching resistance, look out for potential reversal!GBPAUD is approaching its resistance at 1.84081 where it is could reverse down to its support at 1.82449.
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GBP/AUD Short Idea (6/17/19)GBP/AUD Short Idea (6/17/19) 4HR Chart
- We have had rejection of the 200 EMA along with the rejction of the 50% fib level.
- The EMA's have just crossed and news has just brought price back up to retest it.
- Target is @ 1.80000 right in confluence with my first fib extension
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!