GBPAUD.10.CFD trade ideas
Go Long if breaks 1.84500, price nearing resistancePrice 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.
GBPAUD, Weekly analysis looks good to make big move, Oct 12-16If 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
FLIP YOUR MONEY TO SKY FOLLOW FOR MORE SIGNAL . GBPAUD FORM A PREFECT DIVERGENT . BE CAREFULL IN TPS . HOLD UPTO FIRST TPS IS SAFE
Bear Flag - SellPrice 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 indicators.
Simplicity is key to be successful in trading.
Thanks to all those who have followed me and liked my post.
This encourages me to post more trade ideas.
Descending channel - BuyWill 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 about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get the maximum amount of pips from it.
Comment below in case if you need to know how to do it if interested.
Falling wedge - BUYPrice 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 covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get to squeeze maximum amount of pips from it.
Comment below in case if you need to know how to do it.
chart pattern technical analysis and support and resistance#GBP/AUD make a rising wedge formation
this is a nice opportunity for sell.
gbpaud longdaily trend on the bullish ..price created an expanding triangle correction which is supported at 50 fibb expectin bullish continuation to complete the right shoulder on the monthly chart
FLAG = Impulse + Correction - "Learn More Earn More" with usFLAG = Impulse + Correction - "Learn More Earn More" with us
What makes the chart interesting today is that:
. GBPAUD challenging the 1.8415 ~ 1.8450 resistance zone.
. Min 450 pips room to run. A break above 1.8450 could push the pair to its 1.8900 previous areas of interest.
. A rejection at the Flag range resistance, however, could lead to another retest of the Flag’s support.
Will the GBP see an upside breakout against the AUD ?
No one knows it! We have to wait and see!
