Gbpaudsignal
GBPAUD SELLGA looking like a nice sell setup, if you're not in this already look for retest of the purple box area, and rejection on the 15 min time frame. Looking like a nice opportunity to sell around this area due to the fact it is rejecting the fib levels we look out for as well descending trend line and rejection of the EMA.
Take partial profits at the given levels.
200 pip gain 4/1 RR
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.91640 where it could potentially react off and up to 1st resistance at 1.94198.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPAUD short trade update on H2Note : on my previous analysis (link attached below!) GBPAUD went down smoothly and i've secured +72 pips with SL break even, now this analysis is an update for second entry / re-entry
Plan : trendline / horizontal support breakdown --> wait for prices to bounce off horizontal resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPAUD trade idea on H5Plan : wait for prices to bounce off supply zone --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBP/AUD : Ichimoku CloudsLet's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, horizontal line. The Confirmative Line of Chikou Span has crossed the price chart from below, the cloud is currently descending. This instrument has entered the cloud. The cloud border serves as the closest support level (1.8884) and the closest resistance level (1.8961)
On the daily chart Tenkan-sen line is below Kijun-sen, horizontal line. Confirmative line Chikou Span is approaching the price chart from below, the cloud is currently descending. This instrument has entered the cloud. The cloud border serves as the closest support level (1.9036) and the closest resistance level (1.8801)
On the four-hour chart the instrument is trading inside the cloud. On the daily chart the instrument is trading in the cloud. It is not recommended to open a position at the current price. Pending orders must be placed at the border of the cloud: sell at the level of 1.8884, with Take Profit at 1.8848 and Stop Loss at 1.8961; buy at the level of 1.8961, with Take Profit at 1.9060 and Stop Loss at 1.8884.
Skenario
SELL STOP
1.8884
TAKE PROFIT
1.8848
STOP LOSS
1.8961
KEY LEVEL
1.8848, 1.8884, 1.8961, 1.9060
Skenario alternatif
BUY STOP
1.8961
TAKE PROFIT
1.9060
STOP LOSS
1.8884
KEY LEVEL
1.8848, 1.8884, 1.8961, 1.9060
GBPAUD sell on H4Plan : wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPAUD - testHello Traders,
This is the most dynamic pair. We do have resistance level on 1.8900 and support on 1.8800.
We do have possible formation TL4C but I ma not sure this is going to work, I do have short position 1.8857 and target to 1.8857.
TL4 is the short signal and TL3 is long signal will very strong Momentum Candle.
We do have also trend line on JP Spectrum that give us much faster signals then TL on Price chart. Lets see if this scenario will work.
Cheers,
Jim
GBPAUD sell on H2Plan : wait for prices to bounce off horizontal / trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX