Gbpaudsignal
GBPAUD NEXT TRADE SETUPGBPAUD is in impulsive Bearish momentum and is going to test its immediate support. We can gain some confirm sell pips from here and after which we will be looking into LONG entries.
Entries should be taken only if all the rules of entry are applied.
Comment below for any kind of assistance.
GBPAUD - LETS GO LONGPrice broke through support only to retrace back to it and is testing the 50.0 Fibo level
There is a lot of divergence on the lower timeframes confirming a possible change in trend, I suspect that price will consolidate for a bit only to bounce off towards the next level of resistance
GBPAUD LONG setupAlways got to be wary going LONG on the GBP in the current economic climate but from a technical standpoint GBP/AUD looks a reasonable LONG trade from these levels now supported by 2 key trend lines.
The channel shown that GBPAUD has been trading in for the last 2 weeks has finally been breached and price could now be supported by the top the channel and the lower rising trend line.My entry is 1.8088 with a STOP at 1.8058 and an initial target of WR1 pivot at 1.8342. No schedule news today to get in the way of this trade though GBP as ever will be at the mercy of supposition and rumour. Looks a decent set up for a 30 pip risk.
GBPAUD-- Bigger Chat Analysis and Forecasting Never Trade alone
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