GBPAUD - It's on a mooooove!GBPAUD - I liked and still do feel GBPAUD has great trading opportunities, I've been swing/day trading GBPAUD.
Hope you had or having a great weekend...so far!
Let's dive into GBPAUD - Technical aspects:
Pattern: Wedge
Support: 1.77900, 1.77585, 1.76860, 1.76295
Resistance: 1.76295, 1.80200, 1.80450, 1.8100, 1.81580
How to play this trade idea?
- Add alerts
- Add limit orders
- Adding further confluence, use your own trade plan
- Wait for the break out, trade the pull back
If you have any other currencies pairs you're interested in - give us a message or comment down below we will analyse them.
Have a great week ahead.
Best,
Trade Journal
(Disclaimer: Just a trade idea, not a recommendation)
Poundaussiedollar
Big potential profit of the week +1k pipsGBP/AUD is overbought levels in weekly rsi, DeMarker, and bb
Weekly MACZ-Vwap crossover for short-sell
Weekly Moving averages are crossing for short-sell
1.800 take-profit target and 1.9320 stop-loss
Retail sales expected bullish for AUD later
Bearish expected construction for GBP later
NFP is bullish expected so GBP/USD are short-selling
GBPAUD Long IdeaHi traders.
Considering a long position once it hits the black region stated, if daily pullbacks still occur.
RSI could look to approach oversold region, helping aid a reversal.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
Please drop a follow! I need reputation points!!