Gbpaudlong
Outlook on GBPAUD: Pullback presents an opportunity to sellPrices are holding below a key resistance zone on the monthly time frame with further downside seen. On the H1 time frame, prices broke its ascending support line and a pullback to test the resistance zone at 1.88800, in line with the 78.6% Fibonacci extension and 50% Fibonacci retracement presents an opportunity to sell to the support target at 1.8700 which lines up with the 61.8% Fibonacci retracement.
BUY GBPAUD- 80 pip bull run today.For today’s daily analysis, We are in a bullish channel and we can expect to have another bull run today. We are actually in an important zone right now where if the institutions buy at this zone we could see an 80 pip move today. It has been respecting the 50 ema so naturally we expect to watch until it touches this zone and place a buy.
Follow me for daily analysis.
GBPAUD LONG As we can see the GBPAUD formed a Cup with a Handle, This is a bullish continuation pattern that marks a consolidation period followed by a breakout. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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GBPAUD { WE ARE GOING TO MOON }Break of structure for potential upside movement
as you can see on the daily perspective the market has already tested the below point of interest so right the market has break the structure to the upside showing more bulls are in the market , o we are going to pull the triggered immediately after the pullback completes
GBPAUD BUY STOP 1.86718don't trade before BUY stop, if you get 20 to 30 pips kindly close, its good for investment 2% risks.
if you wanna more pips fully risks for yours.
we are only try to hit baby pips if you like this analysis, please support our idea by hitting the like button and share to your frnz. we will support start to end trading
have a great trading!