START OF THE WEEK (26 Aug - 30 Aug 2019) GUIDE | GBPAUDSee chart for illustration.
Follow up from earlier publication ( see link below)
Gbpaudsetup
GBP/AUD Soon To Bottom, Fresh Buys Awaiting..Expectations of market and when to go for a safe buy entry.
GBPAUD short idea 240GbpAud looks to bearish as far as the price continues to remain below 1.8300 mark minor bullish trend line broke and retested the 0.618 fib retracement and heading towards
1.79067 in the short term and below 1.786 in the long term.
GBPAUD - EDUCATION - 23. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Very bullish price action..
4 HOUR
Price forming several HH and HL indicating a bullish pressure pattern.
DAILY
Sideways waving market found resistance now and is slowing down.
OVERALL
Price action is slowing down and found resistance, expecting a last push to the upside forming new H4 Highs
before heading back down to average price movement and psychological support level.
Will update everyone on monday!
Good luck
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Have a great week everyone!
ALAN
Gbpaud sell preparing I will prepare myself to sell in red bank level zone
Only 10 pips stop loss premited
Enjoy bank levels
GBPAUD LONG SET - DISTRIBUTIONGBPAUD - After a strong bullish movement over the months from 1.6000 ( MAR 19' ) settling in at 1.87200 (MAY 19')
GBPAUD finds itself in a distribution phase after this bullish trend to the upside of 1.87200 .
The overall bullish momentum carries over to the Daily with an upside from support of 1.81500 , locking in Daily resistance around the 1.84100 zone and 1.86650 respectively - This comes just shy of Monthly Resistance at 1.87200 - a key point for this pair.
Below linked Monthly & Daily overview of distribution phase.
GBPAUD HUGE DOWNTREND BREAKOUTGBPAUD was following a downtrend line, however it just broke out, has come back down to test a newly made support zone (RETEST) before making its way up...
GBP/AUD Long Idea (6/3/19) GBP/AUD Long Idea (6/3/19) 1HR Chart
- Looking for price to come retest into the disturbance level, and then correct with the up coming fundamental news for AUD coming out
- 35 pip stop loss with a target of 1.8340 to the next weekly disturbance level.
GBPAUD SELL IDEALooking to sell GBPAUD from sell area. Wait for reversal candle indication. Take profit (+30-50pips)
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 longLooking like it wants to test the lower levels, betting on a bounce in the box, looking for a test of lost support above
British Pound / Australian Dollar GBPAUDGBPAUD is following the above channel so time your entry right with your longs on a one hour time frame.
Also be prepared for a break in channel at some point, which will break to the downside.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes
Potential Sell for GBPAUDGBPAUD closed under Support,
Potential Sell from 1.8450 to 1.8200
Start - 1.8450
Stop Loss -1.8554 (if candle closes above 1h-4h Chart)
Take Profit- 1.8182
GBPAUD - MAKE SURE YOU JOIN THIS SHORTits simple, this has a very good risk 2 reward ratio.
i am expecting this GBPAUD pair to drop soon. dont miss it.
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
GBPAUD / M15 / Technical ChartGBPAUD / M15 / Technical Chart
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DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight into my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Double Delight FREE Money... Thank us later1.80551 area is acting as historically strong resistance and price is respecting a bearish trendline, At the moment price is touching both our trendline and resistance level so this is a strong sell, providing there is no market gap at open tonight.
If a market gap to the upside happens we will stay out of this trade and see how the market plays out tomorrow as it might retest these levels as support, but if price opens below our line and level then we will be jumping into a sell position head first.
Beautiful pattern in GBPAUD for a short, head and shoulder PatrnNice risk reward trade, high probability trade as well, lets see how it plays for the next days considering the brexit topics.
GBPAUD ShortShampoo pattern. Waiting price to break 1.83125 zone and then come back to 1.83125 for the retest to enter this trade.
