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Gbpaudsell

Double Top at market on GBPAUDHi guys, this morning we could have a chance to get involved in this trade. Now i'm going to explain you why: first of all, the big yellow box represents a daily structure level, this level happens to line up pretty well with the 618 retracement of the bigger daily leg. In this cases i seek for trading opportunities down on lower timeframes: on the hourly chart you can see we have a double top forming right now, with RSI divergence. An additional clue could be the psychological level price is testing (1,6700). I'm waiting to see how the next candle will be. Keep you updated. If you want to share your view or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Double Top on GBPAUDHi guys, this morning we could have a chance to get involved in this trade. Now i'm going to explain you why: first of all, the big yellow box represents a daily structure level, this level happens to line up pretty well with the 618 retracement of the bigger daily leg. In this cases i seek for trading opportunities down on lower timeframes: on the hourly chart you can see we have a double top forming right now, with RSI divergence. An additional clue could be the psychological level price is testing (1,6700). I'm waiting to see how the next candle will be. Keep you updated. If you want to share your view or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
GBPAUDGBP 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 carefully with a lot of attention. See also below a link to my GBPCAD position I did some days ago, it's still going strong short and it's about to form a nice add-point for people already in.
Short
by chastic
GBPAUD Bearish till 1.91453THIS IS A TRADE IDEA - NOT ACTUAL TRADE GBPAUD Bearish on Weekly Chart THIS IS AS LONG TERM PLAN 1. Bearish Engulfiing Candle Stick at the Back Side of the Trend line 2. StochRSI over bought 3. Price Retraced from 50% fob level of the Down AB Swing / Fib # 2 I will be Selling till .618 retracement of Weekly UP AB Swing! Target @1.96795 Then if price crossed that level, i will sell till .382 retracement level. Target 1.91453 I WILL GO TO LOWER TIME FRAME AND SELL USING CTL BREAK, BEARISH CANDLE STICK, SUPPORT/RESISTANCE, StochRSI
Short
by shomonrobie
Buy trade in Bearish longer term move for GBPAUDI would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. It appears that GBPAUD reacted on the Weekly S and triggered some buy orders sitting near by 2.02 levels. This was also a previous level of support from the start of this year. Generally I would favour a downside potential over upside. At the moment price is hesitating at around midpoint of the downside channel. I see this to continue will bullish reaction from WS which is also 618 FB level. This is generally important zone for Bulls. What would move GBP up? Is anyone buying GBP at the moment? According to the COT report net Shorts increased last week. Carney mentioned that he is not planing to raise rates any time soon. What would cause any bullishness of GBP? For me only net open interest change and short covering would be only reason why GBP would move up. Number of AUD Shorts increased while number of longs diminished slighty. Investors are not buying but rather selling AUD. Let's see who this pair will react over next couple of days. This might be a short buy trade from current levels.
Short
by FX_Trader_Analyst
GBPAUD SHORTAfter the better than expected Aussie employment report and the Oil price once again rejecting 30$b/b I would expect to see some minor strength in the Aussie today. The combination of the MPC official bank rate votes and other Important data due out in the UK today which I expect to be on the dovish side we should see this pair post further downside. On the technical stand point we have seen the declining trend line rejected and the recent attempt to retest also ended in candlestick rejection. Stops will be above that recent rejection and targets as shown on the chart by the red arrows. Learn to trade like a pro bankonadam.com
Short
by FreeForexSignals4u