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GBPAUD

A second Chance to Sell in GBPAUD...Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7650 would begin in Midterm. We will close our open trades, if the Midterm level 1.7650 is broken. New trading suggestion: Price may also reach 1.7650, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion depends on personal strategies. If you missed our first HUNT, you have a second chance to sell below the suggested resistance line (1.7650). Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.7655 on 08/14/2018, so more losses to support(s) 1.7365, 1.7065, 1.6860 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 38. Take Profits: TP1 = @1.7995 TP2 = @1.7650 TP3 = @1.7365 TP4 = @1.7065 TP5 = @1.6860 TP6 = @1.6550 TP7 = @1.6160 TP8 = @1.5790 TP9 = @1.4375 TP10 = Free Trade Setup: We opened 10 SELL trade(s) @ 1.8170 (day close price) based on 'Peak' at 2018.04.27 signaled by our "Daily Trading Opportunity". Total Profit: 6736 pip Closed trade(s): 1500 pip Profit Open trade(s): 5236 pip Profit Closed Profit: TP1 @ 1.7995 touched at 2018.05.04 with 175 pip Profit. TP2 @ 1.7650 touched at 2018.05.23 with 520 pip Profit. TP3 @ 1.7365 touched at 2018.08.08 with 805 pip Profit. 175 + 520 + 805 = 1500 pip Open Profit: Profit for one trade is 1.8170(open price) - 1.7422(current price) = 748 pip 7 trade(s) still open, therefore total profit for open trade(s) is 748 x 7 = 5236 pip
Short
by ForecastCity
A great opportunity to sell in GBPAUD . catch it..Midterm forecast: While the price is below the resistance 1.8660, beginning of downtrend is expected. We make sure when the support at 1.7995 breaks. If the resistance at 1.8660 is broken, the short-term forecast -beginning of downtrend- will be invalid. Price may also reach 1.7995, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. Technical analysis: A peak is formed in daily chart at 1.8475 on 04/26/2018, so more losses to support(s) 1.7995, 1.7650, 1.7365 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 47. Trading suggestion: *There is possibility of temporary retracement to suggested Sell Zone (1.8180 to 1.8510), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.8180) Ending of entry zone (1.8510) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.7995 TP2= @ 1.7650 TP3= @ 1.7365 TP4= @ 1.7065 TP5= @ 1.6860 TP6= @ 1.6550 TP7= @ 1.6160 TP8= @ 1.5790 TP9= @ 1.4375 TP10= Free
Short
by ForecastCity