GBPAUD - FOREX - 10. FEB. 2020Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Bearish market and prices action.
4 HOUR
Found its support now and is looking for an upside pump.
DAILY
Great long entries, prices very low and at our support zone.
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FOREX SETUP
BUY GBPAUD
ENTRY LEVEL @ 1.92940
SL @ 1.91120
TP @ 1.96590
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Gbpaudbuy
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.91640 where it could potentially react off and up to 1st resistance at 1.94198.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPAUD - FOREX - 15. JAN. 2020Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Price finally broke back into our range.
4 HOUR
Closed above our Blue support line, price back in range and need to rise.
DAILY
Price found support and pumping sellers before.
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FOREX SETUP
BUY GBPAUD
ENTRY LEVEL @ 1.88820
SL @ 1.87650
TP @ 1.91150
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
Still waiting for GBPAUD to come a bit lower before I think about taking a trade. Seeing both Pound and Aussy strength so GA is showing some indecision and is going a bit sideways for the time being.
As always if I see any change in the market I will let you know!
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
Breaking down GA as it was requested from one of our forex alchemists! You ask and I will deliver!
As you can see in the technical analysis above GA has been a bit tricky. We experienced multiple fake outs to the downside which is expected. This is why you don't just jump into a trade when all you see is a simple break of a trend line. I always say there is a lot of confusion in the market around trend lines so always be cautious.
After the fake outs to the downside GA pushed up quite a bit then showed us a beautiful double top. This is where more experienced traders would have taken shorts. I personally wanted to see price push up a third time giving us a clean entry! Remember there is always another entry or a better trade right around the corner, never rush things! Only gamblers force trades, we are focusing on becoming the best forex traders possible to make this a reality you need to develop ridiculous amounts of patience.
Patience, risk management, and always sticking to your trading plan is the key to longevity in this market.
IT IS NOT EASY, BUT IT IS DEFINITELY WORTH IT!
GBPAUD - FOREX - 17. DECE. 2019Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Bearish pressure and price action towards previous range.
4 HOUR
Bullish waving market in a pullback now.
DAILY
Overall bullish market, great long entries at support zone.
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FOREX SETUP
BUY GBPAUD
1ST ENTRY @ 1.91630
2ND ENTRY @ 1.90660 (wait for trigger)
SL @ 1.88990
TP @ 1.94490
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN