GBPAUD LONGDouble Bottom - Weekly Ranging buy
Breakout of H1 Trendline and a quick retest.
Might have waited for a few hours for a better retest, but the psychological angst of missing a good trade kicked in. Now I am in the trade with a wide stoploss, because this pair WILL kick you out of a poorly executed trade.
REASON FOR ENTRY: The hourly quick retest candlestick was a bullish pinbar.
MESSY ANALYSIS:
This was my previous successful sell's analysis that I want to keep on my chart. Let's hope for the best.
TP could also go all the way up to form a triple top!
Gbpaudbuy
WIFE or FANCY WOMAN?Similar trade setup to my last post, We have a strong TL formed that keeps getting respected and price is at a key level.
So again this is another really good trade to keep your eye on to see if price breaks either our TL or respects it and breaks strong support, a break of either should produce explosive bullish or bearish movement.
This trade is like having a wife ( TL ) and a fancy woman ( Support ) on the side... you want to go with the TL ( wife ) as she has stood by you and respected you for along time but the support level looks tasty and you cant help but let your mind stray ;p
Always trade with caution and correct risk management.
GBPAUD - SELLERS FAKE - 21.05.2019DACAPITALTRADING V2.0:
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1 HOUR
Bearish pullback towards previous support zone.
4 HOUR
Bearish market open below previous week lows.
DAILY
Found support now and need bullish movement!
DACapitalTrading V2.0
BUY GBPAUD
ENTRY @ 1.84810
SL @ 1.84040 (75 Pips)
TP @ 1.86120 (130 Pips)
RR: 1.70
Use half of normal Risk (0.5%)
(Remember to add a few pips to all levels - different Brokers!)
LEAVE US A LIKE AND COMMENT TO KEEP OUR CONTENT FOR FREE AND EVERYONE!
HAVE A GREAT WEEK
ALAN
COMMENT why you think we chose this setup.See how keeping thing simple and your charts clean can lead to spotting more setups and save you time? Half the information on the internet is purposely put up to confuse people so they loose money in the markets, if you look on the internet people will tell you that you need to use loads of different indicators to succeed in the markets, this is BULL#HIT!!! Price action, key support and resistance levels and trend lines are all you need!
So comment below why you think our reasoning is that this trade will make a bullish run.
FREE 150 PIPS We can see a strong resistance turned support line ( green line ) price was using the as good strong support recently but managed to break through and now is using this level as support.
We are expecting price to bounce and make bullish movement and possibly hitting our TP area or resistance zone ( green box )
So go grab yourself a nice 150 pips on this bank holiday Monday and thank us later ;p
FREE 200 pip trade...We are looking for a possible retest and bounce of key support before we jump in this trade, if we do get the bounce then we could see a possible bullish rally of around 200 pips.
But you must wait for the retest and bounce because if price does break this strong level then it could sink.... so just be patient ;p I'm sure ELVIS said ONLY FOOLS RUSH IN ;p
200 pip FREE TRADEWe are looking for a possible retest and bounce of key support before we jump in this trade, if we do get the bounce then we could see a possible bullish rally of around 200 pips.
But you must wait for the retest and bounce because if price does break this strong level then it could sink.... so just be patient ;p