Gbpaudtrade
GBPAUD- Both Bearish Scenarios'Hello fellow traders; time for another analysis w/ SmoothPips
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GBPAUD Big Movement Incoming...Previously for GBPAUD, we managed to hit our take profit price at the resistance level @1.8125. After which, I mentioned that a could be a potential breakout from that resistance level. Looking at the current price movement, I see a potential movement to the upside. It was not as one directional as we thought it was previously. We managed to see a bearish movement after the movement to the resistance level. However, if we are to look at the current movement, we can see constant rejection off our MA and EMA. What we managed to see is a higher low building strength for a potential breakout of that level, bringing price possibly to the next resistance level @1.8335.
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GBPAUD Long running 3%. Look at my last forecast of areas i was interested in for GBPAUD. I had two strategies in the one entry which is what I love, The asian sweep and My POI. The Pa could definitely turn here, we dont know where my PA is going. We just enter in high probability areas and protect our capital so we don't lose capital, you can make trading that simple and not over think it. My risk is of the table and I cant lose. I will target equal highs up the top. I would like a sweep of them first. Give us follow and a like for more upcoming forecasts.!!!
GBPAUD Forecast potential long!I made 12% and 25% on GBPAUD this week! I will post my trades below. GBPAUD is looking great for more buys and possible sells later in the week. Lets see if Monday/Tuesday Pa creates another Higher low. Higher time frames is suggesting this pair is start be bullish. However we have some important key areas above for possible rejection. Give me a follow and like to keep up to date forecasts, Once you can read the high possibilities where price action is heading, then you can learn how to enter trades on the lower time frames AND how to protect your capital, so you lose absolutely no capital! yes that is right! AND have a high Strike rate over 70%
GBPAUD - SHORT; This is headed down ...... what is basically "forever". Make this SHORT your 401k. (Right alongside the GBPJPY Short.)
The simple fact remains that while the BoE is running a 120% debt load vs. it's GDP, the RBA hasn't even hit 50%, yet, and so it can basically keep borrowing til the end of time.
Here is the Weekly;
... and the Daily;
GBP/AUD Approaching SupportLooking for this to turn higher at the current support level. Keep an eye on MACD and EMA's and possibly 1HR timeframe as well for the point that this holds up before turning higher. Its possible to slightly overshoot the blue line I have drawn in around 0.382 Fibonacci before turning.
Setting target at the previous high of 1.80100 for now. Need to see that resistance break before aiming higher.