Gbpaudtrade
GbpAud- to drop from resistanceSince the double bottom and 1.74 low marked in January, GbpAud has had an impressive rally with the pair gaining around 1700 pips.
Now the pair is trading in resistance and a drop from here is possible.
1.85 could offer support and be bears target with the price closing above 1.9 negating this scenario
GBPAUD Pullback of Downward TrendHi Guys
In this chart we are in pullback trend to the buy zone area then the downward trend is continuing
Dont forget put stop loss then Tp and watch
the trend is changed and we are only the short position we take position according to the trend
We should check the news and fundamental for continuing the downward trend
we will update it next week
guys please check the chart in multi time frame
If anyone have question about technical and fundamental analysis send me mesaages
Good Luck
Abtin
GBPAUD LONG As we can see the GBPAUD formed a Cup with a Handle, This is a bullish continuation pattern that marks a consolidation period followed by a breakout. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
GBPAUD: Its All Trapped!Sellers have had a clean run down with very simple breakout retail patterns, have the banks made it too easy for them?
Or will they return to capture some of that fine liquidity?
I believe we will see one last push down before we tread up aggressively for NFP.
Let me know what you think in the comments below.