Australian Dollar/British Pound forum
GBPAUD Anyone here ?
GBPAUD are we going down?
GBPAUD Technical Analysis:
On the 4-hour timeframe, price remains in an uptrend, forming higher highs and higher lows. We observed a retest of two minor key support levels at 1.9900 and 1.9980, followed by a breakout above the minor key resistance at 2.0060. However, this breakout turned out to be a false move, as price retraced, hunting buy stop losses placed within the liquidity zone.
GBPAUD Oh no the QR code signal providers are also taking over here...
GBPAUD . Market insights that matter. Stay updated—search bluechiptrade1 on Teleg…
GBPAUD Short 1.99800Tp 1.97
GBPAUD sell at 1.9955-1.9950, break the trendline and supporting line with H4 looking for downtrend. Looking for 1.9820
GBPAUD 600 pips on GA ATM. Still holding. Let me explain why i accumulated buys before the uptrend.I'm no guru nor a professional trader, but here's what everyone isn't explaining.
TL, Fib, and all don't explain what and WHY the market is moving.
tradingview.com/x/6jpjsmHe/
Bottom line, understanding what and why is more important that a 1000 TL.
To finish, I think data and fundamental is a way to accelerate movements. It's worth looking at it, but it won't explain why a price is going down when datas are good.
GBPAUD You should only be looking for long positions
GBPAUD Daily H&S candle forming necklineShorting this pair