daily overview for Gbp-Aud
r3: 1.9582
r2: 1.9505
r1: 1.9445
s1: 1.9308
s2: 1.9231
s3: 1.9171
the pair broke fibo 38 to up
so our trade for the pair is buy
Printable View
daily overview for Gbp-Aud
r3: 1.9582
r2: 1.9505
r1: 1.9445
s1: 1.9308
s2: 1.9231
s3: 1.9171
the pair broke fibo 38 to up
so our trade for the pair is buy
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.
pair today : down
indicators today : down
the pair try go down the area at 1.8256
my long target 1.8200
until the level at 1.8145
our stop loss 1.8313
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market still will go down, but there are some areas of support at 1.9193 and 1.9280
Recommendation: Sell limit in both the price.
Charts indicate in the case of access to reverse the main wave on Frame four hours H4 that in the event that the candle 4 hours failed to close below support (1.9005), then it is possible a correction movement upward wave key will be trading SPV within wave secondary correction among (1.9103 ) and (1.9419) to open the downward field in the future to the region (1.8892) and can be closed when the new Deal (1.8972).
daily overview for Gbp-Aud
r3: 1.9640
r2: 1.9534
r1: 1.9323
s1: 1.8999
s2: 1.8886
s3: 1.8675
the pair broke fibo 38 to down
so our trade for the pair is sell
- The presence of 4 points ..
- Spacing them evenly.
- Chronological age more than five months.
- A mile a little obtuse to passable.
If broken down to the pair will change the course of a relatively long period ..
Before entering into any transaction, you should know your pain threshold. The best way is to make sure that your losses are controlled and that you will not enter a trade for emotional reasons. Investing in Forex trading is difficult;
Keep the price of the pair on the stability above the key support level and centered around 1.9100 to be forced to form a rising waves and attacking axis SMA 55 as is evident drawing facility, we will continue tipping emerging control and we expect over the pair to attack the primary resistance at 1.9460, which go beyond this Almsty open the way for him to score more down to the level of 1.9645 profits.
In the case of a price to close above its market price reached a positive axis moving average 55, this will confirm the determination of the acquisition of a new bullish attempt and is in line with the arrival of the stochastic overbought level to remain waiting to achieve the objectives of the proposed previously.
Expected trading range for today between 1.9180 and 1.9460
pair- gbp/aud
time frame analysis- m30
http://i59.tinypic.com/30j0glt.jpg
the cci indicator is moving out from the 100 level and in the price chart its at the daily resistance level three 1.9499 level and price making doji pattern. its down movement can expected if move below the 1.9430 level. short with profit target at 1.9330 and stop loss at 1.9510
good luck
I think that this is a good opportunity to get in short position from the resistance level at 1.9449 with take profit at 1.9196.
http://img.prntscr.com/img?url=http:...om/4szczay.png