GBPAUD push higher from 1.81690 handle
Updated
Hi all
Been very inactive lately, let's secure a win with this trade..
1. Key price point (Whole numbers)
2. Last time price touched the 1.81690 handle it created a crazy bullish momentum..
3. Support
4. The continuous downward moving trend requires a hefty pullback for any more continuous movement to the downside.. This is so the market can remove any selling pressure.
5. It aligns perfect with the 200 moving average on the 4hrly and 50 moving average on the daily timeframe ...
6. Our reverse engineered indicators have shown us this pair is heavily oversold.
This trade will last a few days unless fundamentals push price higher.. It's ready for a pullback on the daily timeframe and we should be the first to capitalise on this...
Entry: 1.81690
Potential pip gain 300 - 400
Stop loss; 41 pips..
Please understand that this is not financial advise, this is based on a calculated move we anticipate that could happen within the GBPAUD market.
Kind regards
Saif
Been very inactive lately, let's secure a win with this trade..
1. Key price point (Whole numbers)
2. Last time price touched the 1.81690 handle it created a crazy bullish momentum..
3. Support
4. The continuous downward moving trend requires a hefty pullback for any more continuous movement to the downside.. This is so the market can remove any selling pressure.
5. It aligns perfect with the 200 moving average on the 4hrly and 50 moving average on the daily timeframe ...
6. Our reverse engineered indicators have shown us this pair is heavily oversold.
This trade will last a few days unless fundamentals push price higher.. It's ready for a pullback on the daily timeframe and we should be the first to capitalise on this...
Entry: 1.81690
Potential pip gain 300 - 400
Stop loss; 41 pips..
Please understand that this is not financial advise, this is based on a calculated move we anticipate that could happen within the GBPAUD market.
Kind regards
Saif
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.