Get started

Gbpaudsell

GBP/AUD shortchart is extra busy on this one, higher time frame analysis would show that the pair is on a consistent uptrend, however a closer look at a pattern within a pattern could show us an opportunity to get in for a short term sell, the 1hr chart would show that a strong downtrend is happening, we're waiting to see an exhaustion and then find our entry on way back down, 1.82705, this would be the ideal entry but the difficulty is finding confirmation here for a continuation as a break of pattern could occur, wait for a show of sell momentum and weak wicks and green candles before entry, could see entry potential by late afternoon.. as always keep stop losses on and tp clear! good luck
Short
by MatthewCrm
GBPAUD Fundamental Analysis – September 10th 2019Here are the key factors to keep in mind today for British Pound trades: UK Jobless Claims Change and Claimant Count Rate: The UK Jobless Claims Change for August is predicted at 29.3K and the Claimant Count Rate is predicted at 3.2%. Forex traders can compare this to the UK Jobless Claims Change for July which was reported at 28.0K and to the Claimant Count Rate which was reported at 3.2%. UK Employment Change, ILO Unemployment Rate and Average Weekly Earnings: The UK Employment Change for the tri-monthly period ending in July is predicted at 55K and the ILO Unemployment Rate is predicted at 3.9%. Forex traders can compare this to the UK Employment Change for June which was reported at 115K and to the ILO Unemployment Rate which was reported at 3.9%. Average Weekly Earnings for the tri-monthly period ending in July are predicted to increase by 3.7% annualized and Average Weekly Earnings Excluding Bonuses are predicted to increase by 3.7% annualized. Forex traders can compare this to Average Weekly Earnings for June which increased by 3.7% and Average Weekly Earnings Excluding Bonuses which increased by 3.9%. Here are the key factors to keep in mind today for Australian Dollar trades: Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 8th was reported at 113.3. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 1st which was reported at 114.4. Australian NAB Business Conditions and Australian NAB Business Confidence: Australian NAB Business Conditions for August were reported at 1 and Australian NAB Business Confidence at 1. Forex traders can compare this to NAB Business Conditions for July which were reported at 3 and to Australian NAB Business Confidence which was reported at 4. Chinese PPI and Chinese CPI: The Chinese PPI for August decreased by 0.8% annualized and the Chinese CPI increased by 2.8% annualized. Economists predicted a decrease of 0.9% and an increase of 2.7%. Forex traders can compare this to the Chinese PPI for July which decreased by 0.3% annualized and to the Chinese CPI which increased by 2.8% annualized. Should price action for the GBPAUD remain inside the or breakdown below the 1.7920 to 1.8040 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.8000 Take Profit Zone: 1.7560 – 1.7700 Stop Loss Level: 1.8075 Should price action for the GBPAUD breakout above 1.8040 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.8110 Take Profit Zone: 1.8335 – 1.8420 Stop Loss Level: 1.8040
by PaxForex
GBP/AUD Bearish Trend Trade!This pair fell down below the kumo cloud right through a former kumo twist region. These are ideal areas to look for sell and I'm looking for that sell to continue. There's two ways we can enter into this trade with either a drawback and rejection at the entry I have drawn, or a sell stop below our current candles. We also are close to a bearish kumo twist to help confirm we are due for some further downside as well. If either of the two entry scenarios fail to play out, this setup may become invalidated.
Short
by The808Trader
1