Hello Everyone. I want share my idea about GBPAUD.
This month we saw weakness of GBP pair, its falling with almost versus all pair and i will try catch this fall. For this pair i used some technical and find good entry point for short position.
After pretty strong fall GBPAUD pair price touch to daily support where we had 5th touch and daily timeframe candle closed with strong reaction at this level which i have marked with black rectangle. also if we go at 1W chart this week candle closed doji candle which most time is reversal candle. it touch to 4h resistance and market closed. if i will short i would like to see brake that 4h resistance which is not strong i think.
That pair will be my interesting pair next week, for short it and follow the trend with trail stop loss. For that i used my Fibonacci tool which showed me exact perfect entry point at daily strong resistance. IF PRICE WILL NOT COME AT MY INETERESING POINT I WILL NOT SHORT IT!!!
Always manage your risk and make your own research!!
This month we saw weakness of GBP pair, its falling with almost versus all pair and i will try catch this fall. For this pair i used some technical and find good entry point for short position.
After pretty strong fall GBPAUD pair price touch to daily support where we had 5th touch and daily timeframe candle closed with strong reaction at this level which i have marked with black rectangle. also if we go at 1W chart this week candle closed doji candle which most time is reversal candle. it touch to 4h resistance and market closed. if i will short i would like to see brake that 4h resistance which is not strong i think.
That pair will be my interesting pair next week, for short it and follow the trend with trail stop loss. For that i used my Fibonacci tool which showed me exact perfect entry point at daily strong resistance. IF PRICE WILL NOT COME AT MY INETERESING POINT I WILL NOT SHORT IT!!!
Always manage your risk and make your own research!!
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