Gbpaudsetup
GBPAUD WeeklyCurrent weekly bar has a fake break out forming a clean long-term
double, then reverses and since it closed last week as a
blue bar, which is a down bar it's also a very strong reversal
candle off an important area of resistance, also working off of
the .618 which price hasn't been able to break in a long time.
So, just using 1% of of capital risk on a 2000 size account for
example would be 20 and profit would be anywhere between 20 and 40 dollars.
Stop loss would be at a safe distance away, like 400 pips, so to
keep with 20 dollars you'd only place 750 to 800 units which is like .05 per pip. Then wait and see if it goes in
favor or not, what kind of strength and directional power it gives over the next couple of weeks.
British Pound / Australian Dollar GBPAUDGBPAUD is following the above channel so time your entry right with your longs on a one hour time frame.
Also be prepared for a break in channel at some point, which will break to the downside.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes
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.
Double Delight FREE Money... Thank us later1.80551 area is acting as historically strong resistance and price is respecting a bearish trendline, At the moment price is touching both our trendline and resistance level so this is a strong sell, providing there is no market gap at open tonight.
If a market gap to the upside happens we will stay out of this trade and see how the market plays out tomorrow as it might retest these levels as support, but if price opens below our line and level then we will be jumping into a sell position head first.
GBPAUD - UPDATED FOR YOUGBPAUD has retraced to Fibonacci retracement
level of 0.618 and seems like could extend to 0.5 fib retracement.
this would create an ABCDE.
Overall i am still expecting this to fall lower but this
could be a nice retracement to capture some profit also
See previous analysis
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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 - SWING TRADE ENTEREDHey folks,
We have entered GBPAUD sell:
Price @1.82477
SL @1.83983
TP @1.80920
1% risk on this trade with a 1/1 ratio
Keep in mind, once price closes ABOVE 13 EMA on H4, we're going to take a scratch and close the trade.
Confluences on H4:
- M formation
- Massie divergence
- Baseline bounce (TDI)
- @ D1 Zone Flip
GBPAUD - Intra Day 50/50 Bounce (MARKETMAKERMETHOD)UPDATE:
We have entered this trade at 10:15 CEST at 1.81962 SL: 1.8220 TP: 1.81750.
Sell Limit at 1.82010 same SL and TP.
If price were to close above the 13 EMA we're gonna kill the trade and take a scratch!
Hello,
Quick setup analysis on GBPAUD.
This is my favourite Market Maker move.
We wait for a pattern to occur during London session, wait for the 13 EMA to cross the 50 EMA and then trade the first pullback to the 50 EMA.
Confluences:
- 13/50 cross
- 25 pip pullback
- Candlestick pattern (Railroad tracks)
- TDI below 50
Target will be 20-25 pips, stop at 1.8220