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Gbpaudsell

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.
Short
by TrapReversalTrading
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!!
Short
by DACapitalTrading
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.
by ApexFX_Pro
3
400 PIPSWe 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 banks set orders hence why price keeps respecting this level. The 2nd and 3rd levels on our chart have also been used as key support and resistance levels courtesy of the banks ( cheers for consistently providing us with money making opportunities ) ;p So what are we looking for with this trade? Long term we are looking for price to hit our 1.81947 target of around 150 pips then we will re evaluate the markets to see if this level will hold or break, if the level breaks we could see price push down to 1.79353 area which is 400 pips from current price with the potential to push down lower. We can see from the daily that price is currently in a downtrend so these levels might not hold which will be good for our analysis. Trade with correct risk management!
Short
by ApexFX_Pro
FALSE INFORMATIONHere we can see a clear trend line ( TL ) marked out that has been used as previous resistance and now turned support. We are expecting price to keep bouncing off this TL and following it down in a bearish movement. We are keeping this 1 short, sweet and simple as that is the best way to look at charts and learn. Most of the information on the internet to do with trading is put up by the government just to confuse people into thinking you need to use 1000000 indicators or you will fail... This is what they want us to do FAIL so we all stay in line and continue to line the governments pockets with our hard earned cash. Rant over... for now :p
Short
by ApexFX_Pro
70-100 pips.We are expecting to see price drop into our support zone ( purple box ) there is good bearish pressure at the moment and the zone we have marked on our charts is a strong support zone. Simple charts allow you to see setups more clearly, don't be fooled by these people who have 10000 indicators on there charts, yes that might work for them but simple really is better in forex. This trade could give you around 70-100 pips. Only trade if the analysis matches up with your own.
Short
by ApexFX_Pro
Aussie to reign over the Pound? - Ichimoku Short Trade SetupThis setup we will have to wait to develop a bit. I am looking for a slight rise to tenken sen where I will look for a confirmation of a sell. Two ways that could manifest itself is in the form of a good rejection candle with a long wick on top that closes below tenken sen, or for price to see a hard rejection there and start heading down. So we'll have to watch this one vs waiting for a trigger order like some of the other setups I walk through. If we see that good rejection I will enter a sell targeting previous price structure on the left side of the screen. I've also drawn out some partial profit levels where I'll look to trade profit and risk off the table should I enter a sell. If we fail to get a strong rejection at tenken sen, we may also look for that rejection at kijun sen. If those both fail, this setup may become invalidated.
Short
by The808Trader