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Gbpaudidea

GBPAUD wil crush soon!U.K inflation is very high! it was expected overall as the global economy is not performing good at all and Europe is facing also the energy crisis. Inflation created from the covid pandemic and now rush invasion to Ukraine! The Inflation data today showed not to be so good and the price is still increasing! So, Pound should be nutrual; and tomorrow will publish AUD employment data. So, if AUD data will positive than surely my anticipation will work!
 Who’re new in trading pls follow these 6 rules for trading success!

 1. SEE THE FUNDAMENTAL FACTOR. 2. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE! 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. AND MUST CHECK THE DIVERGENCE. Good Luck!

Short
by mahfuzazim_TA
GBP/AUD - SellMonthly: 1. Impulse 2. Complex correction 3. Break of correction with new impulse Now the price is make correction and is very possible to see 3rd touch of trendline. If 3rd touch happend with nice bearish candle I will sell. Weekly: 1. Last week the price close like Doji candle 2. Break of neckline without pullback for test Expect a little down drop. How to predict to where the price will drop? Well if I add fibonacci from the high to the low where 38.20% Fibonacci level will align with the neckline I can understand. 0.00% Fibonacci level align perfectly with lower low in the past from where the price is jump to the upside. Daily: 1. Impulse 2. Double bottom formation / not completed for now/ Double bottom formation is trend reversal pattern. 4H: 1. Impulse 2. Complex correction 3. Break of correction with new impulse Now the price is make correction and is very possible to see 3rd touch of trendline. If 3rd touch happend with nice bearish candle I will sell.
Short
by Trader_Petrov