Buy GBPAUD Short Term Based on H4 Time Frame - 400 pips!This 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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Gbpaudsignal
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 - Holding Short (Update)If you catch the GBPAUD entry last night, this trade could turn into a mini position trade. If the 1.6400 area fails, we should see a bigger push down. Some of your may be tempted to take the 100+ pips now, but a lot more pips are waiting. I would at least leave part of your position open ;)
Keep an eye on news. News could cause a few spikes up, but the Sterling should continue to lose value in 2017.
Happy Trading!
GBPAUD - Buy a bounce, then SELLThe GBPAUD long term trend is most definitely bearish. However, the recent move is likely to bounce off the 1.6542 level. I would guess a short Fib bounce, then back down again. We have Retail Sales coming up shortly, so keep an eye on that.
Buy near 1.6542 with a pretty tight stop (because this is a counter-trend trade), hold for a consolation move, then reverse and sell. Downward targets can keep going because this pair continues to consolidate as it drops.
Trade safe and enjoy the ride.