Gbpaudbuy
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.
FREE ANALYSIS ON GBPAUD - JOIN THE DROPFREE ANALYSIS ON #GBPAUD
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15 Min
This time Frame is supporting a bullish outlook. Price above all MA's with RSI still facing up. MACD is now showing a bearish divergence. Expecting Move down soon
1 HOUR
Buys still in the Market so be careful MACD & STOCh Rsi both showing bearish divergence.
4 HOUR
Bearish. Price is making a correction of earlier bearish move. Price now testing the 38.2 % fib retracement point. Price is also below all MA's with price about to test the 100 WMA.
OVERALL
Bearish Outlook expecting the bearish momentum to continue
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Its Friday... Lets get blind DRUNKI am off out tonight to celebrate an amazing week trading and yes i am going to have 1 or 2 beers after all you have to let your hair down sometimes ( although this is hard for me as i have no hair ) haha.
Area of interest is highlighted, we are favoring bullish movement from this area, fundamental news today has pushed price down but technical analysis will push it back up again and we think this will happen in our support zone.
Trade carefully today though as it is Friday and the markets can be unpredictable, also we dont like leaving trades open over the weekend unless they are swing trades that are deep in profit because events over the weekend can cause market gaps, and if that happens price can jump over your stop loss and wipe your account.