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GBP/AUD, New highs coming into end of January...Hello Traders, We hope everyone has had a good start to 2022, and lets continue as we mean to go on. GBP/AUD is now probing the 1.9000 handle with a possible continue higher into fresh highs for the year. 1.9500 is the overall upside target for the next coming months, but as we break the recent HH printed around 1.8920 we can expected some volatile action. Looking at the moving averages on the daily, it is possible that we may revisit them as we continue higher, but no significant downside ideas are lining up as yet. Keep an eye on the pound news coming in on Friday which will have a strong impact on the morning.
Long
by FTUKcom
2
ETHGBP D1 - Long Setup (DCA)ETHGBP D1 Very much the same investing stance on ETH as we have on BTC. We are looking for these daily support trading zones where we can look to average our entries to increase our position size. The first support region (DCA entry point) would be £2350 ish, or as low as possible around the support region, you'll note we dipped to £2300. A break beyond this trading zone would take us to around £2000, which again, would be a region where we look to further DCA. Typically DCA on funds closed from previous highs and overperforming instruments. Close high, add low.
Long
by Trade_Simple_FX
GBPNZD Short Idea Since breaking the 1.936 level, there have been two failed attempts to break the key resistance level of 1.97 (October 11th high). The 1.936 level is now acting as a support zone which price respected earlier on in December. As there hasn't been a convincing break of this level it's very likely that the price will fall and re-test the support level mentioned of 1.936. The RSI levels are in overbought conditions at 89.36 on the 4hr chart, suggesting that a drop in price is probable. The initial target of this trade is located at the 1.95 level, proceeding this would lead to the previous support level of 1.936. The stop-loss area is at 1.975, just above October high.
Short
by Orion-Markets