We have a short technical setup that matches our sell signal generated by our system.
Keep an eye on GBP/AUD, it might actually pull back 300 pips higher at it's most if this wave happens. This is an idea, make your own analysis, and once the move confirmed, invest properly. Happy trading!
Another move down is likely.
Which way it will take ? will it break the resistance ? let's place our orders and stop and wait :)
A reverse in between 61.80 and 50 fib could result in a chikou reverse under clouds and confirm a short position. I'm bearish in general on gbp. The macro economics starts to show weakness after brexit, which I believe WILL happen.
We have broken a major trendline in daily time frame and we just broke a flag on hourly time frame. this trade has a awesome ratio of 7.
Hi traders!I hold a point:Good charts do not need more words to explain! Good luck! AB=CD
Hi guys, most of the GBP pairs are forming sideways wedges. Sideways wedges are harder to predict vs descending/ascending wedges. However, we can still use the outside of the wedge as a signal to buy or sell. I wait for a confirmation candle formation to occur before I enter (i.e a pullback with an engulfing supporting candle or a supporting flag). In addition,...
Hi guys, another T Rex pattern, this time on the GBPAUD. As usual, either short from the top or buy a break-out above. A lot of T Rex patterns have been breaking above, so keep an eye on that. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
We have approached a resistance trend line which started back on April 21st 2017 and a resistance dating back from May 6th 2010...if not even further back. We also have a bearish divergence on MACD and Momentum. If price breaks resistance it would be invalid.
There is a uptrend in GBP / AUD. Entry price - 1.65126 TP - 1.65274, SL - 1.64926
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (all 21 Major Cross-Rates) of 2nd week 2017 @ my GOOGLE Drive drive.google.com Best regards :) Aaron
GBP is not doing good these days. That's why I think there is room for a minor position in this >late< buy point. Because of the overall down trend on this chart and trading below all the EMA and MA's, it is save to say it might go a bit lower. I think it is fine to have a 160 stop-loss because it had 7 days straight with loses. So it might kick a bit soon. Trade...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
I sold this on 1.6666 SL 1.6699 mystic numbers :-) comment welcome!!