GBPAUD Potential Sell Trading PlanGBPUAD sell trading plan with 4 confluence reasons. Watch it as it will be educative as well, because I used tools on how to spot reversal levels
Gbpaudsell
>> GBPAUD << March 11th >> Short „Breakout“ Setup <<Hey Guys and Welcome,
GBPAUD broke previous week Lows, we are following „short“-term Trend with a good RR.
Very bearish Price action last two weeks, following this drop expecting another bigger drop...
Short: 1.76342
Sl: 1.76976 (60 Pips)
Tp1: 1.75657 (60 Pips)
Tp2: 1.74746 (160 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week!
Alan
GBPAUD testing major resistance, watch for a reversal
GBPAUD is testing major resistance at 1.7974 (Fibonacci extension, horizontal swing high resistance, bearish price action, bearish divergence) and a strong reaction could occur at this level to drive price down to 1.7439 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 96% and a corresponding reaction could occur at this level. We can only see bearish divergence vs price signaling that a potential reversal is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPAUD approaching major resistance, prepare for a strong reactiGBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
In Gbpaud We can see Weekly Strong Bearish Pinbar ready to sellGBPAUD Trading around 1.7400 We can see a Weekly Pinbar
if hold below 1.76 we can see a drop toward 1.71-1.66
Use small lot size sell in range of 1.74-1.7550 SL above 1.77 TP 1 1.7100 TP2 1.67
Sell GBPAUD Longterm Based On Multiple Factors on H4 + Daily TFThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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GBPAUD at crucial resistanceSimple chart on GBPAUD 1 hour time frame. This resistance has be tested 3 times so far. Keep a close eye on a possible break-out. The current candle seems to close at the resistance. If it gets rejected again it will be an easy 80-120 move down. So keep an eye on it because of the 1 hour candle closes above it then its a buy ofcourse.
GBPAUD 200 pips setupGBPAUD is still fighting the same resistance and seems to fail to break it. It's now a nice opportunity to sell it with a stop a bit above the resistance. All though the focus now is on selling, a good break of this resistance will be a buying opportunity, so keep your stop in place and be versatile and ready to buy. But for now sell.
Open: around 0.7124
TP: 1.6880
SL: 0.7170
GBPAUD 4hr triangle still forming in D1 Bearish GBPAUD 4hr triangle still forming. Keep in mind the long term downtrend line (yearly) is around the 1.7100 level. D1 posted Bearish engulfing with inside bar
GBPAUD SELLGBPAUD sell from current price reasons for sell
1-we have breakout of trend line
2-we have strong ressistance zone
3- price don't make a new hi
4- we have divergence also
sl-1.72098
tp-1.66093
Sell GBPAUD Short Term Based on H1 + H4 TimeframeThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
GBPAUD wait for break outGBPAUD is close to the lower range and also close to a resistance at which price got rejected twice in the past. A break out of either the resistance of a lower range will likely be followed by a strong 300-500 pip move in a couple of days (since its the daily time frame)
Keep a close eye on GBPAUD and act when theres a break-out. I shall try to update this idea with Trade Active when the break-out happens so you can follow.
GBPAUD SHORT Medium-Term GBPAUD
Simple price action
Set this trade up before the trendline break on the Friday just past. Entered following a short term correction made just after the break. My Target is placed around the weekly trendline support. A correction is due, so my stop loss is placed just above my entry as I plan to hold my position through the possible correction. Watching the correction play out in a smaller time frame can give opportunities for a second sell entry or a first if you don't already have a position.
Stop Loss : 1.65337
Target : 1.61000
GPBAUD Short GBPAUD Another Great Short Opportunity here, you can enter here or wait for a pull back. High chance we continue with the down move in the coming days.
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
GBPAUD Down The DrainOn the 4 hour time frame GbpAud is setting up for a nice flush down. When you look at the daily time frame you see this correspondents with the downward channel there that just bounced off from the upper range. Making it not only very likely that the 4 hour will move down but also that it will break the support (red line)
Entry: cmp
SL: 1.6840
TP: 1.6660 > 1.6470
GBP/AUD Short Setup# Recently broken a trend-line from the March 2017 low to the down-side.
# Bearish Harmonic Pattern.
# MACD Hidden Bearish Divergence.
#Stochastic RSI "Over Bought"
GBPAUD: Broken ChannelAs you can see the bullish channel has broken and price is going for pullback and after that we can set our short positions.
GBPAUD Bear profits ahead ...Brilliant ...
What more do you need to do but just set your TP levels ...
We await
