Gbpaudbuy
Aussie Decline? - GBP/AUD Ichimoku long trade setupThis is setting up to a week of drawback and trend continuation setups!
We've broke above a strong level here with GBP/AUD, and I am looking for a drawback and a sign for a chance to buy.
If we can get the drawback and price action present us with a good chance to enter, I'll get long with the targets I've drawn out.
I am aiming for price structure highs as my overall target but I've drawn out several partial take profit levels along the way.
If we fail to get a drawback or good price confirmation for entry, this setup may become invalidated.
GBPAUD - FOREX - 02. SEPT. 2019Welcome to our weekly trade setup ( GBPAUD )!
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1 HOUR
Bearish price action below previous week support level.
4 HOUR
Overall bullish market with a bearish pullback right now.
DAILY
Great long entries following mid/longterm trend and price formation.
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FOREX SETUP
BUY GBPAUD
ENTRY @ 1.79770
SL @ 1.78600 (115 Pips)
TP @ 1.81760 (200 Pips)
RR: 1.70
Use 1%-2% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBP/AUD BUY BIAS (RETEST OF 1.81300)My BIAS for GBP/AUD in the upcoming week will be a BUY.
My reasons behind this are that we had
1.A previous ascending channel which has been broken and rested with a strong Bullish Engulfing Candle following the retest.
2.We are currently travelling above a recent Supply Zone and also a strong daily resistance which we've also seen act as support at 1.81300.
I will be looking to enter this trade upon a retest of our Daily Resistance with targets of 1.82500 (120 Pips)
Stops will be around 1.80900 (40 PIPS)