Short GBP/AUD Pullback, RSI Way Overbought Now is a perfect opportunity to short GBPAUD as the bears should start taking over and pullback the price to previous structure. RSI (14) is indicating that price is way overbought which confirms our pullback analysis.
Trade Details :
SL : 1.8630
TP : 1.8550
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GBPNZD Approaching 3X Tested Bullish TrendlinePrice is getting closer to a 3X tested bullish trend line which has the possibility to either breakthrough & retest for a short setup or bounce off resulting in an ideal long setup. For now we're just going to keep an eye on this setup and patiently wait until it approaches the designated zone.
Potential Trade :
Buy Limit : 1.9320
SL : 1.9255
TP 1 : 1.9400
TP 2 : 1.9500
GBPJPY - On chart we can see parallel lines and detect trendIn this pic we can see how parallel lines (candells) can show trend. When you see them you can expect much more bigger up trend. In BUY trend they coming from another side, you have one more idea down in atach for parallel cand down trend situation.
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AUDUSD LongThe AUDUSD is tracing out what appears to be the finishing stages of a downward move. Downward momentum appears to be finishing and our bias is largely bullish for the pair. However current downward move could still stretch to as low as 0.70191/0.70137 cluster zone. At this zone we expect to see strong buy orders enter the market if not before.
However, the bullish case shall be completely enforced if downward sloping blue dotted trend line as shown is penetrated at daily close. On daily close above downward trending blue dotted line, next target will open up in the 0.76690/0.76031 resistance zone.
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AUDCAD LongAUDCAD has assumed a bullish shape. Currently we anticipate consolidating into long positions just above the blue trend line shown with target in the 0.96388 region. However, any price move or price close on a daily basis below 0.9352 zone invalidates the bullish outlook
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gbpnzd long term sell#gbpnzd is currrently sitting near a weekly resistance of 1.94516 and is retesting the area. It had a clean break to the downside, is retesting, and if the ceiling holds, could mean months of bearish momentum. With the setup that i have made, it is about a 300 pip risk before the Stop loss and a 2,250 pip gain down to the previous low of 1.68607. I think if you are a long term swing trader this could be your money trade for the year.