Gbpaudshort
GBPAUD SELL !!GBPAUD has been consolidating since 10 th May . i think its about time that the pair is ready to break through the consolidation move and make a move downward as shown by the arrows in the Chart . Both 50 and 200 EMAs are in favor of a downward move !! My final Target remains : 1.72000
GBPAUD will crush soon!U.K inflation is very high!
it was expected overall as the global economy is not performing good at all and Europe is facing also the energy crisis. Inflation created from the covid pandemic and now rush invasion to Ukraine!
The Inflation data today showed not to be so good and the price is still increasing! So, Pound should be nutrual; and tomorrow will publish AUD employment data. So, if AUD data will positive than surely my anticipation will work!
Who’re new in trading pls follow these 6 rules for trading success!
1. SEE THE FUNDAMENTAL FACTOR.
2. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE!
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. AND MUST CHECK THE DIVERGENCE.
Remember, there is no place for luck in trading - only strategy!
Good Luck!
GBPAUD wil crush soon!U.K inflation is very high!
it was expected overall as the global economy is not performing good at all and Europe is facing also the energy crisis. Inflation created from the covid pandemic and now rush invasion to Ukraine!
The Inflation data today showed not to be so good and the price is still increasing! So, Pound should be nutrual; and tomorrow will publish AUD employment data. So, if AUD data will positive than surely my anticipation will work!
Who’re new in trading pls follow these 6 rules for trading success!
1. SEE THE FUNDAMENTAL FACTOR.
2. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE!
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. AND MUST CHECK THE DIVERGENCE.
Good Luck!
GBPAUD – Double bottom or just a pull back? - the week of 09 MayIn my opinion this pair is still strongly bearish. Yes, the candle of Thu made a lot of ground pulling back all of what it lost, but note how small the Fri candle is. The bulls just did not have much momentum, could not follow through - and this was NFP day when spikes and large moves happened on many pairs. Price is below the 200dma, I am ignoring the double bottom and staying with the bearish bias
We could see some continuation to the upside, but I don’t expect much ground to be covered before we continue to the downside. There may be a better entry possible, but I will stay with 1.7400 and target the 1.7140 region. This could be a potentially +2R trade.
If however, price continues to the upside with momentum, that would negate my analysis. I will not be interested in going long, instead would wait and watch – perhaps PA in the 1.7770 area would provide a short opportunity.
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Always use sound money and risk management in all your trades.
GBPAUD sell!!GBPAUD has been trading within the confines of the resistance zone of 1.78501 and support zone of 1.71832 since April 2022 . Despite numerous speculations that the pair might break through the resistance of 1.78501 and move up higher , the price recently has been giving signs that its not yet ready for an upward move. We can also observe an Evening star candlestick pattern on daily chart ! price is currently testing the Resistance zone again , only to fall down all the way to the Support zone as mentioned above ! My final Target remains 1.71832 !!
GBPAUD | SELL SIGNALSGBPAUD has hit the resistance zone which it has unable to break from 18th March last month. We saw a couple of failed attempt.
Currently price took beating from resistance and trading at important support level which is the watchout level as Fib and horizontal support reside there.
Trade your levels accordingly
GBP/AUD 600 pips from last analysis new short setupHello Traders, price faces horizontal resistance and below monthly dynamic resistance, and faces 0.61 fibo level and it show respected this level if close 4h candle in this shape will be a good confirmation.
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GBPAUD | SELL !! ON BREAK BELOWGBPAUD has been trading in bullish parallel channel and it gave a break below on 27th Apr with price testing the support zone.
We saw a retest towards the break below region as if forms a lower high (Confirming bearish trend). Now the price is heading towards the support area again and we will look to sell it if the support zone is taken out.
Trade your levels accordingly.