GBPAUD, after last week price slide down to 1.79 area, this weeks it rose from the strong support area, and the buyers are expected to come into the action , as price action analysis this pair expected to see 1.83 highers this week
GBPAUD now in middle and moving towards resistance where it will meet downward trendline @1.81250- 1.81300 if the velocity is less it will move downwards .wait for retest and then GO SHORT.... it will move to mini support ..... @ 1.81000 if the velocity is more it can break trendline and move upwards and resistance will become support .wait for retest and then GO...
GOOD SELL OPPORTUNITY !! Price has rejected Thrice at this level
Price after a big fall trading in a range market, it is trying to break 1.84500 levels which is considered as strong resistance levels for the last 4 months. Now once again price is trying to break this levels and plan your long trade if breaks the resistance levels.
If it breakout out below the support, might have a chance to go till 1.77 area, but it looks like go off the support and bullish atleast up to 1.83 area..but it can be the pair to lookout for the week
Market Break of Structure and retest . Changed in Trend
FOLLOW FOR MORE SIGNAL . GBPAUD FORM A PREFECT DIVERGENT . BE CAREFULL IN TPS . HOLD UPTO FIRST TPS IS SAFE
Price is forming a bear flag hence looking to enter short Trade like how the big boys trade (banks and financial insititutions). Do not aim for silly 20-30pips instead look for 90-100 pips and above. Dont depend on Support/resistance lines because any line you draw with closed eyes will be a support/resistance in the past! Dont depend on lagging...
Will wait for a descending channel formation as the price is likely to go LONG. Please Note: Just knowing the direction of the next move will not help being profitable. There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade. If you look at my previous trades, 90% are impulsive moves covering...
Chart is shared only for the educational purpose
Price is developing to form a falling wedge pattern. Hence will look to enter LOING Please Note: Just knowing the direction of the next move will not help being profitable in the long run. There is a lot more to it with regards to the entry technique and trade management after entering the trade. If you look at my previous trades, 90% are impulsive moves...
#GBP/AUD make a rising wedge formation this is a nice opportunity for sell.