GBPAUD was following a downtrend line, however it just broke out, has come back down to test a newly made support zone (RETEST) before making its way up...
Double 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...
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GBP/AUD Long Idea (6/3/19) 1HR Chart - Looking for price to come retest into the disturbance level, and then correct with the up coming fundamental news for AUD coming out - 35 pip stop loss with a target of 1.8340 to the next weekly disturbance level.
Looking to sell GBPAUD from sell area. Wait for reversal candle indication. Take profit (+30-50pips)
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...
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GBPAUD has arrived at support area and there can be seen that in the h4 candle that there is no momentum to the downside, hence i am seeing a good buy opportunity with an indication of an bullish engulf candle at my buy position .
We are predicting the Harmonic Bat Pattern to complete as shown on the 4 hr chart. Price action is showing a downward trend giving the pattern confirmation. Our strategy is to trade the 4th leg of the pattern and we will post updated with targets. FX:GBPAUD
The pair has completed a head and shoulders pattern, as you can see here on the 1 hour chart, which has signaled a move to the downside. Price action recently broke below the neck line, which now has become resistance, and price action is now testing that resistance level. We are currently predicting price action to continue to decline. FX:GBPAUD
We can see 3 key levels on this pairing which took me seconds to spot on opening this chart. The top resistance level you can see was hit many times exactly 1 year ago in March/April 2018 and look where price is currently at, it touched this level with a massive bullish candle which was followed by 2 days of bearish movement, this is no coincidence its where the...
We see the formation and completion of this AB=CD harmonic pattern on the daily chart. Price action has also reached a major support zone at the completion of this pattern. We are currently long with take profits set on the green zones. FX:GBPAUD
The pair has completed a harmonic Gartley pattern on the daily chart at a key Fibonacci time zone. We are long with out take profits set at the green zone.
The pair has completed a harmonic bat pattern on the 1 hour chart which signaled us to buy the pair. Our take profit set at the green zone and we set a stop at the red zone. OANDA:GBPAUD
Price is at a resistance level and we are expecting it to respect this level, now it isn't the strongest level in the world but over the weekend there has been a lot of uncertainty and negative news surrounding brexit, a big march with thousands of people protesting, MPs calling for May to step down as priminister and the growing possibility that we might leave...