GBPAUD.10.CFD trade ideas
GBPAUD OUTLOOKIT LOOKS DOWN FROM 1.8582
LEVELS ARE BELOW
1.8630 STRONG RESISTANCE
TARGETS 1.8500,1.8430
GBP/AUD Technical analysisAn inverse head and shoulder has formed in the 15-min charts.
Also, a significant price action level of 1.83600 has been cleared convincingly.
Hence, we expect the pair to trade with bullish bias in the near-term.
GBPAUD HGBPAUD looks bullish, short term buy trade can be a good idea with 1:1.5 R/R
Target : 1.86200
PAIR APPROACHING NEAR THE RESISTANCE ZONEGBPAUD:- PAIR APPROACHING NEAR THE RESISTANCE ZONE. USE SELL LIMIT@1.844 SL@ 1.856, TP 1.800. A GOOD RISK REWARD RATIO.
Focus on GBPAUDUnfolding an excellent chapter (bullish) in the ongoing GBPAUD story.
Bullish reak looms
Printing higher lows
1.8800 and 1.9100+ are the initial targets
www.keytomarkets.com
GBP/AUD Technical analysisThe 15 minute chart of GBP/AUD has forming a full elliot wave and Head & shoulders pattern
we can expect to be bearish up to the support level which is the neck line.
a break below the neck line would makes the potential selling pressure for the deeper downside moves.
GBPAUD H4 SHORTGBPAUD SHORT H4 SHORT ..... BECAUSE IT HAS FORMED DOUBLE TOP AND IT HAS BROKE AND RETESTED BACK... I THINK LONG TERM IS SELL..U CAN TAKE SELL ORDER ON THIS PAIR NOW.. PUT TP AT UR H4 SWING LOW
GBP/AUD Technical analysisThe GBP/AUD pair has formed a bearish shark pattern.
It is currently taking resistance at 1.84000 zone and evening star pattern has also formed.
Hence we expect the pair to retrace to the support levels of 1.79565.
GBPAUD- LONG- Any pull back upto 1.793 is a buying opportunityGBPAUD- LONG- Any pull back upto 1.793 is a buying opportunity
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
