Gbpaudtrade
GBPAUD - EDUCATION - 01. SEPT. 2019Welcome to our weekly market Breakdown ( GBPAUD )!
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1 HOUR
Sideways moving market with several pullbacks.
4 HOUR
market in consolidation zone and need a break below/above this level.
DAILY
Bearish market with a bullish pullback and pressure.
OVERALL
Expecting market to drop on monday/tuesday taking out several long holders
and changing direction to the upside with a pretty strong price action wednesday/thursday.
Will update you about everything once it happens.
Good luck
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Have a great week everyone!
ALAN
GBP/AUD Bearish Trend Trade!This pair fell down below the kumo cloud right through a former kumo twist region.
These are ideal areas to look for sell and I'm looking for that sell to continue.
There's two ways we can enter into this trade with either a drawback and rejection at the entry I have drawn, or a sell stop below our current candles.
We also are close to a bearish kumo twist to help confirm we are due for some further downside as well.
If either of the two entry scenarios fail to play out, this setup may become invalidated.
GBPAUD approaching support, potential for a bounce!
GBPAUD is expected to drop to 1st support at 1.77192 where it could potentially react off and up to 1st resistance at 1.78877.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.