Gbpaudforex
GBP/AUD 4HR BUY SET UPHi TRADERS this is my trade set up for the GBP/AUD
GBP/AUD Is in a strong support area I, am looking for a rejection in the order block zone and will be looking for a buy only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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GBPAUD - SHORT; This is headed down ...... what is basically "forever". Make this SHORT your 401k. (Right alongside the GBPJPY Short.)
The simple fact remains that while the BoE is running a 120% debt load vs. it's GDP, the RBA hasn't even hit 50%, yet, and so it can basically keep borrowing til the end of time.
Here is the Weekly;
... and the Daily;
GBPAUD 4HRThe overall trend is bearish bias, in the meantime, however there will be a moderate retracement to the upside from 1.80794 (23.60%) to 1.84025 (78.60%) according to the 2nd Fibonacci sequence. From the retracement to 1.84025 (78.60%), the forecasted projection is set to be completed at (1.75766).
Consolidation | GBPAUDRecap from last week...
- If you look at Daily , candlesticks have exhaustion area signaling the Market is not ready to reverse down quite yet
- Its likely to Consolidate before breaking to continue to upside or break downward
- One thing about GBPAUD and GBPNZD , when in consolidation, it likes to fake a break-out so be watchful
- Its not advised to trade in consolidation unless you know what your overall analysis is, thus you can take short profits
- Will be updating once the market opens
Disclaimer: ***This is not a signal, just an Analysis to share my view on the market.If this if helpful to you, please comment***
GBPAUD SHORT IDEAHi traders,
As usual I keep it simple. I have a few confluences happening at this point and I believe Pound will take a a dive a bit. But especially this pair because it has a 3rd touch and on my custom Fib zones it has reached a crucial zone. It might have also completed the 5th wave?
Watch it carefully and collect some pips!
Good luck,
FIBZ