Gbpaudforecast
GBPAUD : LONG TRADE SETUP 500 PIPS( LONG TERM/SWING TRADE SETUP)Early hours of sunday,we see ga created a huge spike to the upside which reversed sharply and created a nice opportunity for a short. At the moment, ga is on a pullback phase which is currently holding the resistance zone at 1.9 level( now support, as price broke it and retested).
I expect ga to go higher from here, towards 2.04 level but we would see what price does at the 61.80 and 50% level. Price might take a while before hitting the final TP at 23% fib level
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Trading Pathways Analysis of GBPAUD H4 Chart
The outlined white arrow pathway is the predicted pathway that the GBPAUD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where GBPAUD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
GBPAUD - testHello Traders,
This is the most dynamic pair. We do have resistance level on 1.8900 and support on 1.8800.
We do have possible formation TL4C but I ma not sure this is going to work, I do have short position 1.8857 and target to 1.8857.
TL4 is the short signal and TL3 is long signal will very strong Momentum Candle.
We do have also trend line on JP Spectrum that give us much faster signals then TL on Price chart. Lets see if this scenario will work.
Cheers,
Jim