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GBPAUD

GBPAUD is in a downtrend, looking for a sell opportunityGBPAUD is in a downtrend on daily & 1 Hr, as you can see there are two sell zones and one of them holds a golden zone of Fibonacci 50%. So I would expect the price to come to the 50% and wait for bearish price action signal to confirm my sell call. Profit target will be the next support level. Keep an eye on this one. Lets see what happens. I am not a financial advisor and my analysis are just for entertainment or educational purposes, I don't recommend any of my trades. Please use a stop loss and do a favour on yourself by not blowing up your trading account & your hard earned money for which you have grinded your ass off!! Lol
Short
by Jass_Mankoo
GBPAUD TREND MIGHT BE CHANGING!!!We have seen a steep downfall in GBPAUD over some time but it can e the time that bulls take the charge. In the daily charge, it shows that a W pattern may be on the table if price rebounds from here, and also on Friday we have seen a spinning top. What to do?? On Monday, we will be seeing if Monday candle closes in green or red. If, green then we may take a long to the target of 1.96500 with a stop at 1.89751 (A DECENT RISK REWARD RATIO!!!) On the other side, if red candle is seen on the closing then the trend may continue to 1.86789 which is possible too. But, we may see a rebound from here as RSI may rebound from here and also may see divergence on Awesome Oscillator. Also according to the confluence indicator, there are high confluences in this region. So, rebound chances are much high!!!! If you like the analysis then leave a like and follow me for more updates. :)
by ng_forex
Don't miss the great sell opportunity in GBPAUDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0204). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPAUD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 1.9967 TP2= @ 1.9745 TP3= @ 1.9528 SL: Break Above R2
Short
by ForecastCity_EU
1
Don't miss the great sell opportunity in GBPAUDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.9655). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPAUD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 1.9522 TP2= @ 1.9343 TP3= @ 1.8765 SL: Break Above R2
Short
by ForecastCity_EU
3