Gbpaudtrade
GBPAUD buy for 110 pipsWe have seen a nice downtrend and this pair went down to major level. I'm expecting a double bottom followed by a bullish engulfing candle to go long. Please note, this is a temporary long position as I do not see GBP gaining much strengh in coming week.
I have placed the buy order accrodingly along with the sl and tp. This trade will be invalid should it not meet the required criteria.
Trade safe and good luck.
GBPAUD Textbook Movement.....Nothing too special!!!As we can see GBPAUD have broken its uptrend momentum with a big retracement which we could not see a potentital continuation. Interesting elliot correction wave confirmed a potential continuation of a downtrend. If we look closely, we can see an interesting movement as price level head lower. We could see price level retesting the resistance level before continuing to fall. So what are we seeing now???? I will be seeing a potential pattern forming with its price level falling to 1.8750 (strong support level) before a retest to the resistance level. Having said that, we should also keep in mind if we see a potential breakout occurring there. If we happen to see a breakout there a potential bullish movement may occur. But for now, I will stick with its bearish bias and see it potential dropping further.
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GBPAUD confirm 250 pips tradeGbpaud as you see my last week anlysis you will see its coming down as i said and covered more than 300 pips now Gbpaud has breaks its zone on h4 time frame you can see it is now retesting its upper resistance 1.89878 you can enter now on sell with small lots and set your profit target at 1.87097 and set your stop loss at 1.90944 do safe trading and if you need any kind of help you can comment or message me.
GBPAUD 300 pips confirm tradeAs our last week analysis was hit and we managed to take alot of pips our next target will be 1.87621 that is approximately 300 pips
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