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Gbpaudsignal

GBPAUD approaching resistance, look out for potential reversal!GBPAUD is approaching its resistance at 1.84081 where it is could reverse down to its support at 1.82449. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
Aussie Strength Waning? - Ichimoku GBP/AUD Long Trade SetupAfter a long down trend, the pound finally found some footing. We are entering the kumo and I am watching for the possibility of a new bullish trend to form as the GBP tries to claw it's way back. As the week progresses I'll be watching for a bullish kumo breakout and completion of the kumo twist to bullish to help confirm it's time for an entry. I've set my entry at a flat spot on the kumo which should act as a good gauge if we'll make the move up or not. If we can close through that level we should try and climb quite a bit higher. If we fail to break through the kumo or hold price structure support, this setup may become invalidated.
Long
by The808Trader
WIFE or FANCY WOMAN?Similar trade setup to my last post, We have a strong TL formed that keeps getting respected and price is at a key level. So again this is another really good trade to keep your eye on to see if price breaks either our TL or respects it and breaks strong support, a break of either should produce explosive bullish or bearish movement. This trade is like having a wife ( TL ) and a fancy woman ( Support ) on the side... you want to go with the TL ( wife ) as she has stood by you and respected you for along time but the support level looks tasty and you cant help but let your mind stray ;p Always trade with caution and correct risk management.
by ApexFX_Pro
2
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
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