GBPAUD SELL | Day Trading Analysis
Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPAUD
I still did my best and this is the most likely count for me at the moment.
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Gpbaudshort
GBPAUD is approaching support, potential bouncePrice is facing bullish pressure from our first support in line with our 61.8% fibonacci retracement, horizontal pullback support and 127.2% fibonacci extension where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
GBPAUD - SHORT I believe price is attempting a lower high to stay in line with the current daily downtrend. A pinbar has formed at the top of the most recent pullback, leading me to believe a downside push could be in the wings.
Price has also created an ascending wedge that would need to broken to further confirm a downside push.
GBPAUD - FOREX - 20. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Very bullish price action and pressure.
4 HOUR
Bullish breakout above previous week highs, expecting a pullback now!
DAILY
We need a pullback price is way to strong now, clear breakout. Long holders jumping on board now, great short entries ;)
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FOREX SETUP
SELL GBPAUD
ENTRY @ 1.84130
SL @ 1.84950 (80 Pips)
TP @ 1.82740 (140 Pips)
RR: 1.70
Use half of normal Risk (0.5% per Position)
(Remember to add a few pips to all levels - different Brokers!)
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