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Gbpaudsell

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
BEAR with me 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 the EU with no trade deal. We are expecting a bearish market gap at opening tonight with a couple of days bearish movement, from where price is now to our green zone is a 200 pip move which we are expecting price to reach this week. We are just going to have to BEAR with Brexit as we can see a lovely bearish week coming. Please be careful if you are trading GBP pairings though, use correct risk management and a tight SL.
Short
by ApexFX_Pro
EMOTIONS + TRADING = FAILUREWe are looking at a lovely sell on this pairing with a possible retest of recent highs, in our last post we could see price following our TL down to our area, price did break this TL and we can now see price re testing our resistance level before making a move lower to our green zone. Remember trade with patience, without this you will loose to the market, also trade with NO EMOTIONS as these emotions will make you think and act differently when you loose a trade of up the lot sizes.
Short
by ApexFX_Pro
5
GBPAUD - WEEKLY SWING - 12. MAR. 2019WELCOME TO DACAPITAL-TRADING! GBPAUD FOREX BREAKDOWN 12 MAR 2019 1 HOUR Very strong price action occurred into our resistance level 4 HOUR Bullish market turning bearish with good short entrys now! DAILY Overall bullish market with no pullbacks, we need some price movement to the downside! LEVELS SELL GBPAUD ENTRY @ 1.86670 SL @ 1.87920 (125 Pips) TP @ 1.84810 (185 Pips) RR: 1.50, use 1/3 of 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