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GbpAud bullish trend can continue today, now current price at 1.7825 and strong support at level 1.7805 in hourly time frame. there is possible chance GbpAud price will move to up side. then next high price is 1.7875
I suggest to entry buy with stoploss at 1.7790 and take profit at 1.7875
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analysis for today 12 / 17 / 2013
My daily trading,I hope the day is a success ...
GBP/AUD (Daily Trade)
Resistance : R1 1.8267 R2 1.8292 R3 1.8312 R4 1.8342
Support : S1 1.8172 S2 1.8147 S3 1.8127 S4 1.8097
Open : 1.8209
High : 1.8247
Low : 1.8192
Range : 55 Pips
Running Price : 1.8231
For intraday trade today suggest BUY at the level 1.8231 stop loss at the level 1.8172 target take profit at the level 1.8312 or at the level 1.8342
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now i think, the GBP/JPY is edging lower in asia trading testing below 145.70. japanies currency lowering price.
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Todays aud data will come. That is why aud at mixxed position and no one can suggest that whats happend at next time. So try to work on and ejoying forex trading fully with full devotion and work on it. Because forex trading demand your fully attention and go on. Although forex is a best ever online bussiness
Fibonacci pivot point
Pair = GBPAUD
Resistance 3 = 1.8349
Resistance 2 = 1.8302
Resistance 1 = 1.8273
Pivot Point = 1.8225
Support 1 = 1.8178
Support 2 = 1.8149
Support 3 = 1.8101
Result this day Tuesday,
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GbpAud bullish trend can continue today, now current price at 1.7825 and strong support at level 1.7805 in hourly time frame. there is possible chance GbpAud price will move to up side. then next high price is 1.7875
I suggest to entry buy with stoploss at 1.7790 and take profit at 1.7875
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GbpAud bearish trend can continue today , now current price at 1.7709 and strong resistent at level 1.7729 in hourly time frame. there is possible chance GbpAud price will move to down side. then next low price is 1.7640
I suggest to entry sell with stoploss at 1.7745 and take profit at 1.7640
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I use scalping strategies on this currency pairs Gbp/Aud so I prefer the short time that is the timeframe M15 and M30,
that's position market on 1.8217 then also there are some indicators that I use as the Bollinger Bands is OVERBOUGHT, ADX is DOWN TREND, Stochastic is OVERBOUGHT.
Then consider the position if the market trend is moving toward more leads OVERBOUGHT,
then I strongly encourage you to order BUY at current market at 06:21 and use a stop loss and take profit of 60 pips
is the take profit at 1.8242 and stop loss at 1.8192
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Daily analysis for GBPAUD, irregular flat correction up 1.8307 close to daily pivot point 1.8228
Elliott 1.7895
Closing 1.8214
Ex-Low 1.8174
Ex-High 1.8294
Support 1 1.8160
Support 2 1.8107
Resistance 1 1.8280
Resistance 2 1.8347
Todays aud data will come. That is why aud at mixxed position and no one can suggest that whats happend at next time. So try to work on and ejoying forex trading fully with full devotion and work on it. Because forex trading demand your fully attention and go on. Although forex is a best ever online bussiness.
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dear friend forex trading is a very good online working and trading forum,i am also used scalping strategies in forex on the currency pair Gbp/Aud in my opinion every trader should use short time frame in trading M15 M30 is suitable for trading,because it is suitable for good decsion making during the trades.
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Daily analysis for GBPAUD, irregular flat correction up 1.8307 close to daily pivot point 1.8228
Elliott 1.7895
Closing 1.8214
Ex-Low 1.8174
Ex-High 1.8294
Support 1 1.8160
Support 2 1.8107
Resistance 1 1.8280
Resistance 2 1.8347