GBP/AUD Sell Entry 2K pips Chart 1/3Sell Limit entry: 1.75500
Stop loss order: 1.76300
Take profit order: 1.73300
*HEDGE(to minimize losses)-simultaneously OPEN a BUY STOP/LIMT order w/ SAME LOT SIZE as initial trade.
Hedge position levels:
Buy limit/stop: 1.75500
Take Profit: 1.76300 ( T/P = S/L from Initial Trade )
Stop loss: 1.75250 ( S/L = 0-250 pips below Initial Trade Entry level )
*800 pip hedging order.
Potential Gains: 2K-2.2K pips
Potential Loss: 0-250 pips
Risk/Reward Ratio: 2.75/1.00
Avg. Holding Period: 5-7 days
.............................................................................
Use the information to assist you with your trading journey. This analysis is just my idea and doesn't guarantee any gains/loss. Leave a comment and follow me to stay up to date on trade opportunities. Safe trading.
When finished will post position opportunities for 1hr and 15min timeframes.
Gbpaudsellsignal
GBPAUD - NECKLINE RETEST Probably will hop into more short positions after the weekend. We have a double bottom formed on the 4H. We see the huge upside push from the neckline break. We should start seeing lower prices for GBPAUD next week as price makes it way back down to the neckline for a retest of the pattern.
Most of my analysis are short term analysis. Not a long term bias, btw.
GBP AUD - Ready to go down?Hello everyone traders!
Just a simple analysis about GBP-AUD , there are 3 signals that make me think to go short on this pair:
1) The price touched an important resistance zone around 1.79500.
2) Market will close really soon and is going to close with a bearish engulfing daily ( strong bearish candlestick pattern)
3) Touched 0.5 fib zone. Fibonacci started from the high around 1.85 zone of the 26/04/2018 to the low around 1.74 zone of the 06/06/2018
As you can see from the arrow that's pointing downside , a strong bearish impulse did the retracement and now i think that's over.Will go in lower timeframe to find a good entry , a first profit zone might around 1.76500 where EMA 200 in daily timeframe may act as support. While a 2nd more ambitious profit zone might be 1.75 zone , previous low zone.
Obviously that's just my analysis , invite you to leave a comment and share with me what you think about this pair.
Hope to have a nice day and a nice weekend traders.
See you next time!