Just a cool graph, a distinct downward trend in the short term, only when the exit from the descending channel or one of the candles will rise above one of the lines (blue and red) will be possible to return to buy.
Looking to sell GBPAUD from sell area. Wait for reversal candle indication. Take profit (+30-50pips)
Similar trade setup to my last post, We have a strong TL formed that keeps getting respected and price is at a key level. So again this is another really good trade to keep your eye on to see if price breaks either our TL or respects it and breaks strong support, a break of either should produce explosive bullish or bearish movement. This trade is like having a...
A signal for traders that trade with low leverage and great patience. For the last time, we have seen a clear and steady upward trend here, and it will probably continue for some time. Our target is 1.8800 This is a relatively long term signal with low risk
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The 6 hour timeframe of the GBPAUD is inspected for chart patterns in this analysis and possible implications. A rising diagonal (wedge) in the GBPAUD is highlighted on the chart. The implication of the chart pattern is ideally bearish. 1.87224 and 1.85547 are marked as immediate resistance and support respectively. Selling the GBPAUD on a close below 1.85547...
Price action is retracing to complete a harmonic shark pattern and our strategy is to average up our position at the completion of the pattern. The 4th leg of the shark pattern is also a major resistance zone. FX:GBPAUD
Price action has recently reached a major resistance zone which signaled us to take a short position on this pair. We have a fixed stop set for this position at the red zone (1.89100). FX:GBPAUD
We can see 3 key levels on this pairing which took me seconds to spot on opening this chart. The top resistance level you can see was hit many times exactly 1 year ago in March/April 2018 and look where price is currently at, it touched this level with a massive bullish candle which was followed by 2 days of bearish movement, this is no coincidence its where the...
From the look of things, the GBP/AUD will continue to trading in a descending channel. The decline of the currency exchange rate will continue for the rest of this week's trading session. 150 pips target average. following me on IG @FXWizzy Telegram: for free signals t.me
Looking like it wants to test the lower levels, betting on a bounce in the box, looking for a test of lost support above
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Stochastic + RSI provide additional support for my hypothesis