GBPAUD 4H TRADESPrice is in route toward the 50 sma
Macd has fallen below red signal line
Long Trade
Buy Stop @ 1.8543
Take Profit @ 1.8595
Short Trade
Macd is falling
Sell Stop @ 1.8445
1st Take 1/2 Profit @ 1.8405
2nd Take 1/2 of balance Profit @ 1.8355
3rd Take Profit @ 1.8310
Re-enter trade short on a 15m break-hook-go of the 1st and 2nd take profit levels
Find an appropriate SL
Re-enter
entry points on the journey downSupport around 8250 may provide a small bounce (grey boxes)
Main movement is probably back down to bottom and a little further. Previous bounce came at €uro support line (~6000), and there will be another small bounce here.
However, the main bounce will come from the $ dollar support line at 5400. Providing an opportunity for re-entry.
Other Markers
The daily RSI should hit oversold just before 5400, and help the leg back up again.
Central line of the Pitchfork may coincide with 5400 support, adding further support.
Long Term
Often the third breakout attempt is successful. If my theory about €uro and $dollar bottoms is correct, there may be enough bull power to push through the resistance, but its a month away, and a lot can happen in a crypto month.
Conclusion
I made my last trade for a while today. Let my emotions get the better of me and pulled out too late. Reduced a 4% gain to 1%. Still its a better rate than any bank will give me.
I'm in fiat now. I'll keep an eye on things and continue to post, but my money is going safe for a while.
Happy Hunting.
Caveat : I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
NEOBTC Bearish momentum's viewHere, im gonna list few places that we could take into a consideration.
Both indicators appear an over-bought ( so fed up, based on 4h )
Enter(1): 0.01003189 - 0.01021294 ( If it broke, then it could lead to more than 35% due to its drop from the past )
Enter(2): 0.00748618 - 0.00802538 ( Here is my second place to re-enter )
Any comments and thoughts ? kindly drop below, i would love to hear from u guys ^^!