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GBP/AUD is slightly advancing in early trading on Friday, but it doesn’t help the pair avoid the worst weekly performance in about two years. The price hasn’t seen any gain since Monday, and the chances are it will extend the downtrend by the end of the session after the UK Parliament votes the amended Withdrawal Agreement Bill (WAB) later today.
Gbp/Aud
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
Today market trend Bearish.D1 We have bearish internal divergence.
H4 We have 5 up with bearish divergence.
H1 We have 5 up with a bearish convergence and TL break. The experienced trader can look to scalp the B wave up but I'm more interested in trading the wave C down
GBP/AUD is slightly advancing in early trading on Friday, but it doesn’t help the pair avoid the worst weekly performance in about two years. The price hasn’t seen any gain since Monday, and the chances are it will extend the downtrend by the end of the session after the UK Parliament votes the amended Withdrawal Agreement Bill (WAB) later today.
Today market trend:Sell
Resistance and Support points also given has signal of market down
Technical indicators and Moving average se bhi market down hoti nazar aati hai
Agar ap profit hasil karna chahte hain to sell ki trade laga dein
Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
trading takes a lot of practice and know-how, and there are several factors that can make the process challenging. The risk/reward ratio helps investors manage their risk of losing money on trades. Even if a trader has some profitable trades, he will lose money over time if his win rate is below 50%. The risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order. Comparing these two provides the ratio of profit to loss, or reward to risk.
Pair = GBPAUD
Camarilla pivot point
R4 = 1.8282
R3 = 1.8248
R2 = 1.8237
R1 = 1.8225
S1 = 1.8203
S2 = 1.8191
S3 = 1.8180
S4 = 1.8146
Markets Currencies Europe Minor
GBPAUD
BRITISH POUND / AUSTRALIAN DOLLAR
1.89029
AUD
+0.00103 (+0.05%)
MARKET OPEN (DEC 20 11:03 UTC-5)
1.88926
PREV
1.88926
OPEN
230.342K
VOLUME
1.88675 — 1.89443
DAY'S RANGE
GBP aud
Hi dears,,,,,,,,,,,,,,,,
My observation to this
By looking trend at frame m30 show us bull type .here I use my sclapping strategy by searching the parabolic sar position its moving average is strong ways .I think it can be buy at looking position MAcads value .
Ma 200. ,,,,,,,,,,,,
MAcads positions buy ,,,,,,,,
Money management is first step to trade Thanks .
If this pair keep moving to up side , I predict this pair will reach to the next resistance level, maybe this pair will make some correction to the next high level.Today market trend:sell .Market exchanging sign rely upon a pointers.Resistance points and Support points of market goes down.The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit.
Good luck .Supporting level
1.Supporting level 0.9003
2.Supporting level 0.8966
3.Supporting level 0.8945