GBP/AUD Short Idea (6/17/19)GBP/AUD Short Idea (6/17/19) 4HR Chart
- We have had rejection of the 200 EMA along with the rejction of the 50% fib level.
- The EMA's have just crossed and news has just brought price back up to retest it.
- Target is @ 1.80000 right in confluence with my first fib extension
Gbpaudsell
GBPAUD - FOREX - 11. JUNE. 2019DACAPITALTRADING V2.0:
WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS
FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY!
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1 HOUR
Strong bullish price action and overbought market
4 HOUR
Too many emotions in play, too strong price. We need a pullback!
DAILY
Breakout is way to clear, there will be a pullback for sure.
FOREX SETUP
SELL GBPAUD
ENTRY @ 1.82860
SL @ 1.83410 (55 Pips)
TP @ 1.81940 (90 Pips)
RR: 1:3/4
Use normal Risk (1% per Position)
(Remember to add a few pips to all levels - different Brokers!)
LEAVE US A LIKE AND COMMENT TO KEEP OUR CONTENT FOR FREE AND EVERYONE!
HAVE A GREAT WEEK
ALAN
POTENTIAL BEARISH MOVE ON GPBAUDPrice is showing increasing pressure from the bears and has the potential to retrace the marked grey line which is 50% fib level of the bearish impulsive move. From there, i can potentially see the bearish move continuing and completing 100% of the retracement at the green level which is the marked take profit. I will also be looking out for bearish divergence.
Risk exposure on the trade : 1%
Risk to Reward ratio- 1:2
Psychology intake before trade - No trade is guaranteed, so trust your analysis and manage your risk. Do not trade with winning exceptions and accept the fact that the trade may hit your stop loss. Level up and move to the next trade.
WIFE or FANCY WOMAN?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 wife ( TL ) and a fancy woman ( Support ) on the side... you want to go with the TL ( wife ) as she has stood by you and respected you for along time but the support level looks tasty and you cant help but let your mind stray ;p
Always trade with caution and correct risk management.
GBPAUD WeeklyCurrent weekly bar has a fake break out forming a clean long-term
double, then reverses and since it closed last week as a
blue bar, which is a down bar it's also a very strong reversal
candle off an important area of resistance, also working off of
the .618 which price hasn't been able to break in a long time.
So, just using 1% of of capital risk on a 2000 size account for
example would be 20 and profit would be anywhere between 20 and 40 dollars.
Stop loss would be at a safe distance away, like 400 pips, so to
keep with 20 dollars you'd only place 750 to 800 units which is like .05 per pip. Then wait and see if it goes in
favor or not, what kind of strength and directional power it gives over the next couple of weeks.
GBPAUD Head and Shoulders Analysis and StrategyThe 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
GBPAUD - SWING - 05. MAY. 2019WELCOME TO DACAPITAL-TRADING!
GBPAUD FOREX BREAKDOWN 05 MAY 2019
1 HOUR
Strong bullish market open towards previous highs and resistance level.
4 HOUR
Bullish waving market need a pullback towards Daily and H4 Support Zone!
DAILY
Market overbought, long holders needs to be taken out by a strong drop now.
SWING SETUP
SELL GBPAUD
ENTRY @ 1.88400
SL @ 1.89040
TP @ 1.86220
RR: 3.40
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
TRADING SECRETS GA is approaching some key levels really fast with the big bullish run last week this level is 1.88414 and this has not been reached since June 2016 nearly 3 years ago, current price is only 60 pips off this level.
Now there are correlating pairs that we look out for when trading and most of you might not even know that when these pairings move in 1 direction others also move... So we are going to let you into a trading secret ;p
Ok so as GBP gets stronger the UK100 ( British stock market ) gets weaker ( and vice versa ) , This is to do with foreign investors not wanting to import things from the UK into there own country because when GBP has strength these investors have to pay more for the goods and loose out on profits.
UK100 is nearly at a support level so we can see a bounce higher, this would weaken GBP.
Also when GOLD prices are up this pushes the price of AUD up as Australia is the 3rd biggest producer of gold in the world, The more gold it produces the higher the AUD price will go as it exports most its gold therefore investors pay Australia in AUD.
Gold is quickly approaching a key resistance level.. but with loads off bullish power so we are expecting this level to break and gold make a push higher.
So overall Gold strength would lead to AUD strength and UK 100 strength would lead to GBP weakness... So the only way we see for GA is down.
I hope you took all that info in as there is a lot to digest, but I also hope you took something away from this post and learned some key lessons that you will implement in your future trading.