POTENTIAL OPPORTUNITIES ON GBP/AUD:
In the chart, we can see 4 opportunities presenting at different price zones. This means all set-ups vary depending on which price zone we are trading at. We are still however in an uptrend still until we take out 1.850
SETUP (A) - Long positions can be considered at this price zone as a double bottom formation will form. We may get multiple tests of this price and some consolidation before moving up.
POTENTIAL BUY ENTRIES & TARGETS:
ENTRY - 1.85369
STOPS - 1.82636 (270 PIPS)
TARGET - 1.90 (560 PIPS)
SETUP (B) - Sell positions would be favorable if price shows signs of consolidation and stronger bearish power such as bearish pin bars or engulfing candlesticks.
POTEINTAL SELL ENTRIES & TARGETS
ENTRY - 1.952
STOPS - 1.9636 (115 PIPS)
TARGET - 1.9087 (430 PIPS)
SETUP (C) - Sell positions would be ideal since a head and shoulder formation would have formed.
POTEINTAL SELL ENTRIES & TARGETS:
ENTRIES - 1.90867
STOPS - 1.91880 (100 PIPS)
TARGET - 1.85319 (550 PIPS)
SETUP (D) - At this price, we have observed much uncertainty, until buyers take control of the market. We think this pattern will repeat again.
POTEINTAL BUY ENTRIES & TARGETS
ENTRIES - 1.80742
STOPS - 1.79276 (146 PIPS)
TARGET - 1.8538 (460 PIPS)
DISCLAIMER: TRADE AT YOUR OWN RISK. THIS IS AN IDEA.
In the chart, we can see 4 opportunities presenting at different price zones. This means all set-ups vary depending on which price zone we are trading at. We are still however in an uptrend still until we take out 1.850
SETUP (A) - Long positions can be considered at this price zone as a double bottom formation will form. We may get multiple tests of this price and some consolidation before moving up.
POTENTIAL BUY ENTRIES & TARGETS:
ENTRY - 1.85369
STOPS - 1.82636 (270 PIPS)
TARGET - 1.90 (560 PIPS)
SETUP (B) - Sell positions would be favorable if price shows signs of consolidation and stronger bearish power such as bearish pin bars or engulfing candlesticks.
POTEINTAL SELL ENTRIES & TARGETS
ENTRY - 1.952
STOPS - 1.9636 (115 PIPS)
TARGET - 1.9087 (430 PIPS)
SETUP (C) - Sell positions would be ideal since a head and shoulder formation would have formed.
POTEINTAL SELL ENTRIES & TARGETS:
ENTRIES - 1.90867
STOPS - 1.91880 (100 PIPS)
TARGET - 1.85319 (550 PIPS)
SETUP (D) - At this price, we have observed much uncertainty, until buyers take control of the market. We think this pattern will repeat again.
POTEINTAL BUY ENTRIES & TARGETS
ENTRIES - 1.80742
STOPS - 1.79276 (146 PIPS)
TARGET - 1.8538 (460 PIPS)
DISCLAIMER: TRADE AT YOUR OWN RISK. THIS IS AN IDEA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.