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)
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.77192 where it could potentially react off and up to 1st resistance at 1.78877.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.78660 where it could potentially react off and up to 1st resistance at 1.79530.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.