Gbpaudsell
Double Top at market on GBPAUDHi guys,
this morning we could have a chance to get involved in this trade. Now i'm going to explain you why:
first of all, the big yellow box represents a daily structure level, this level happens to line up pretty well with the 618 retracement of the bigger daily leg.
In this cases i seek for trading opportunities down on lower timeframes: on the hourly chart you can see we have a double top forming right now, with RSI divergence.
An additional clue could be the psychological level price is testing (1,6700).
I'm waiting to see how the next candle will be.
Keep you updated.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Double Top on GBPAUDHi guys,
this morning we could have a chance to get involved in this trade. Now i'm going to explain you why:
first of all, the big yellow box represents a daily structure level, this level happens to line up pretty well with the 618 retracement of the bigger daily leg.
In this cases i seek for trading opportunities down on lower timeframes: on the hourly chart you can see we have a double top forming right now, with RSI divergence.
An additional clue could be the psychological level price is testing (1,6700).
I'm waiting to see how the next candle will be.
Keep you updated.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
GBPAUD @ 1h @ worst performer of 21 major cross-rates last weekTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive
drive.google.com
Best regards :)
Aaron
GBPAUDGBP is not doing good these days. That's why I think there is room for a minor position in this >late< buy point. Because of the overall down trend on this chart and trading below all the EMA and MA's, it is save to say it might go a bit lower. I think it is fine to have a 160 stop-loss because it had 7 days straight with loses. So it might kick a bit soon. Trade this carefully with a lot of attention. See also below a link to my GBPCAD position I did some days ago, it's still going strong short and it's about to form a nice add-point for people already in.
GBPAUD Bearish till 1.91453THIS IS A TRADE IDEA - NOT ACTUAL TRADE
GBPAUD Bearish on Weekly Chart
THIS IS AS LONG TERM PLAN
1. Bearish Engulfiing Candle Stick at the Back Side of the Trend line
2. StochRSI over bought
3. Price Retraced from 50% fob level of the Down AB Swing / Fib # 2
I will be Selling till .618 retracement of Weekly UP AB Swing!
Target @1.96795
Then if price crossed that level, i will sell till .382 retracement level.
Target 1.91453
I WILL GO TO LOWER TIME FRAME
AND SELL USING
CTL BREAK, BEARISH CANDLE STICK, SUPPORT/RESISTANCE, StochRSI