GBPAUD, more upside?

British Pound/Australian DollarFXCM

Description

⋅ Dec 29, 2014 11:21 PM

IMHO, i need to see price making another high bar next month and momentum giving me a nice bearish divergence to consider holding a big short position

Immediate resistance: the upper downtrend channel line
horizontal resistance: ~ 2.0693

Comment

⋅ Dec 3, 2015 6:09 AM

Comment

⋅ Jul 8, 2016 3:18 PM

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⋅ Apr 18, 2017 5:57 PM

Comments

IvanLabrie

⋅ Dec 29, 2014 11:52 PM

Both are currently weak pairs, I'd stay away for some time at least.
Although your levels look good.

jangseohee

⋅ Dec 29, 2014 11:53 PM

IvanLabrie

⋅ Dec 29, 2014 11:58 PM

What broker are you using?

jangseohee

⋅ Mar 14, 2015 12:17 PM

Thinkorswim

MertErten

⋅ Dec 30, 2014 4:58 PM

GBP losing strength overall,
AUD getting stronger vs USD.

I'm already in the short trade,
have a nice year.

IvanLabrie

⋅ Dec 30, 2014 4:59 PM

Indeed, I failed to notice a few things...looks like a terrific setup.

jangseohee

⋅ Dec 31, 2014 12:00 AM

AUD also gaining strength on EUR

jangseohee

⋅ Dec 31, 2014 12:01 AM

bearish divergence happen faster than expected!

jangseohee

⋅ Mar 1, 2017 12:37 PM

jangseohee

⋅ Feb 27, 2017 10:53 PM