Gbpaudtrade
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
Still waiting for GBPAUD to come a bit lower before I think about taking a trade. Seeing both Pound and Aussy strength so GA is showing some indecision and is going a bit sideways for the time being.
As always if I see any change in the market I will let you know!
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
Breaking down GA as it was requested from one of our forex alchemists! You ask and I will deliver!
As you can see in the technical analysis above GA has been a bit tricky. We experienced multiple fake outs to the downside which is expected. This is why you don't just jump into a trade when all you see is a simple break of a trend line. I always say there is a lot of confusion in the market around trend lines so always be cautious.
After the fake outs to the downside GA pushed up quite a bit then showed us a beautiful double top. This is where more experienced traders would have taken shorts. I personally wanted to see price push up a third time giving us a clean entry! Remember there is always another entry or a better trade right around the corner, never rush things! Only gamblers force trades, we are focusing on becoming the best forex traders possible to make this a reality you need to develop ridiculous amounts of patience.
Patience, risk management, and always sticking to your trading plan is the key to longevity in this market.
IT IS NOT EASY, BUT IT IS DEFINITELY WORTH IT!
If anyone is ALONE this CHRISTMAS let me know...... I need to borrow some chairs haha.
But seriously if you are alone at Christmas there are always groups or people out there that will take you in for the day so you are not alone, i am 1 of them i will be having 2 spare seats at my table that i will be giving to homeless people... Nobody should ever be alone!
On the chart we can see GBP pairings are making bearish moves surrounding brexit and Boris the mop head and i can see this continuing down to my trend line, now we do have confluence with this trend line as you can see by my yellow box, but this will be the 4th significant touch of this level so we could see price smash through it like the hulk on steroids, so when price reaches this level i will be watching closely to see if i hold the trade or close it.
As always trading any pairing keep an eye out for news but especially with GBP pairings at the moment with all the fundamentals going on you must always have 1 eye on the news.. unless you are driving haha.
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
Pushing to the downside a bit right now. That being said for the time being support looks to be holding. I have a similar bias to GU I believe that we were going to push back up and fail to make a new high and then we are going to roll over to the downside. Keeping a very VERY close watch on all GU pairs.
Greatfull Short Opportunity on GBP AUD The General Trend is Dwon , So all the privious Up move is just a Corrective Wave , So This Pair move into a Channel , and his Up line as a Mobile Resistance Already Testing Five Times by the price.
Aslo We Can see that Divergence is Clearly showing in RSI Indicator and by Last three Highs
According to Fibo Retracement , We say that is the End of Retracement.
I Will post a update every Weeks.
GBPAUD Bullish Breakout?We can see here how price has created a new HH after breaking that long term resistence wich was that ascnding TL,so right now in order to go long for atleast 200 pips on thiiir i would like to see a retest to the previous daily structure at 1.9150
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GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
The same thing I just explained in GJ there’s always going to be multiple chances for entries. You need to learn to not rush into the market. Even though GA is pushing lower for the time being to me it is looking bullish overall I feel we can go higher. I will be standing on the sidelines for now.
GBPAUD Analysis - Pullback, Short Bull and BEARRRRRR?????For GBPAUD, I believe that upon market opening, we should see a little pullback towards 1.90594 (especially if it dips down that zone marked in green), and then goes up towards the zone I have marked in purple before price begins to fall.
However, if it breaks that my zone in purple, it would probably go up some more.
I think generally though, it should be going down.
GBPAUD Market Outlook | Daily Forex Market BreakdownGBPAUD
This Pair has been playing out flawlessly. We have been calling everything perfectly, the market has just been lacking the volume needed. GA definitely pushed up to where we would want to take shorts, but as we say time and time again there is always another opportunity right around the corner and its not wise to get into a habit of jumping at every opportunity for an entry you see. Sit back trust your technical analysis, plan your trade and TRADE YOUR PLAN.
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We are looking at price making bearish moves this week and our target is our old resistance zone ( purple box ) we are expecting price to enter this zone and use it as support, this would also be the 3rd touch of a very strong trend line so we would be looking for bulls to take control in this purple support zone and push price back up.
Always trade with caution and use correct risk management... if you dont you are a moron really and deserve to loose your hard earned cash you have been slaving away for.