Gbpaudtrade
GBPAUD - LETS GO LONGPrice broke through support only to retrace back to it and is testing the 50.0 Fibo level
There is a lot of divergence on the lower timeframes confirming a possible change in trend, I suspect that price will consolidate for a bit only to bounce off towards the next level of resistance
GBPAUD, 4hr tf, double bottom reversalBased on the 4hr chart there is a double bottom forming. Price already broken through the resistance and then hovering around it for some time.
The last 4hr candle close indicates another close above the resistance so i am convinced that price will continue going up
Buy GBPAUD 1.8100
Stop loss 1.8020
Take profit 1 @1.8180
Take profit 2 @1.8260
good luck
GBPAUD News Trade - RBA Interest Rate DecisionForecasted interested rate is 0.25% which is same like it was for past three months. Today I am expecting the bank will keep the interest rate same as well and the GBPAUD will complete its final wave.
Sell GBPAUD now from Current Market Price with SL 1.8023 and TP can be 1.7690 or 1.7700
GBPAUD LONG setupAlways got to be wary going LONG on the GBP in the current economic climate but from a technical standpoint GBP/AUD looks a reasonable LONG trade from these levels now supported by 2 key trend lines.
The channel shown that GBPAUD has been trading in for the last 2 weeks has finally been breached and price could now be supported by the top the channel and the lower rising trend line.My entry is 1.8088 with a STOP at 1.8058 and an initial target of WR1 pivot at 1.8342. No schedule news today to get in the way of this trade though GBP as ever will be at the mercy of supposition and rumour. Looks a decent set up for a 30 pip risk.
GBPAUD TRADE SETUPGBPAUD as guys we are seeing its coming down from past few weeks and now it has reached its daily buy trend support which is very strong buy position for gbpaud .Tomorrow RBA news is also coming and there is possibilty that it can go up around 250-300 pips on news candle and than all the day going up to buy so if you want to enter on buy its the great chance you can take on gbpaud buy if you want to eun long term trade.