GBPAUD UPDATE - RUNNING 240+ PIPS 🤯🤯 Hi Traders
Please see the above chart of Gbp/Aud.
We have taken an entry on this already at that start of the week which is currently running over 240+ pips and there is still some left to get in!
We will be monitoring price for a pullback into either an EMA or the trend aswell as looking out for things such as a bearish flag etc. #
Plenty more downside momentum left for us to get another position.
I will link the previous analysis below.
As always trade safely and with good risk management.
The Fx Chartist
Pips
+530 Pips Profits + New Weekly Breakdown Video Full SetupsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/AUD, New highs coming into end of January...Hello Traders,
We hope everyone has had a good start to 2022, and lets continue as we mean to go on.
GBP/AUD is now probing the 1.9000 handle with a possible continue higher into fresh highs for the year. 1.9500 is the overall upside target for the next coming months, but as we break the recent HH printed around 1.8920 we can expected some volatile action.
Looking at the moving averages on the daily, it is possible that we may revisit them as we continue higher, but no significant downside ideas are lining up as yet.
Keep an eye on the pound news coming in on Friday which will have a strong impact on the morning.
DXY D1 - Long SetupDXY D1
As we mentioned DXY support holding nicely from the daily correction we saw over the last few weeks. We are expecting a bullish dollar throughout the week based on recent economic events and projections.
96.500 resistance is our next target, this ties in with yearly highs (2021) and also our daily resistance, which I expect us to break over the next 4 weeks or so.
A clear short for AJAUDJPY has been in a clear bearish trend for a while now.
With that momentum in mind, we can see a nice double-top at the support on 82.466. We can also see a rejection off of the trendline and a nice bearish engulfing for price action.
This trade should run 65 pips to the next support on 81.658.
Good luck this week traders!
GBPAUD H8 - Long SetupGBPAUD H8
A pullback to this 1.88 region would be better for entries, it would show a healthy correction from the extension from 1.86400 to 1.89850. We have only seen a small 100 pip correction from a circa 350 pip move.
Entries and trade plan as per the arrows indicated on the chart above.
Gold H4 - Long SetupGOLD H4
Gold bounced from this 1785 support region we have in sight, initially saw a nice trade from 1800 up towards 1827, but failed to break this 1827 resistance price, monthly key level and previous high was enough to see resist price.
1800 is now acting as support (current price), we also have somewhat s/r from the previous area of demand and support (to the left). Lets see what happens from here and whether we can break this 1800 mark.
DXY D1 - Short SetupDXY D1
Expecting a bearish dollar this week is we can break below this 95.500 price, if we can manage this, we will have set a new low following the consolidation breakout low, therefore continuing this LLLH sequence, we should be well on for seeing our 94.500 retest price.
We have been following this for quite some time now and the move we are expecting still has yet to present itself, but we have still managed to bank nicely from cable/GBPUSD longs
ETHGBP D1 - Long Setup (DCA)ETHGBP D1
Very much the same investing stance on ETH as we have on BTC. We are looking for these daily support trading zones where we can look to average our entries to increase our position size.
The first support region (DCA entry point) would be £2350 ish, or as low as possible around the support region, you'll note we dipped to £2300.
A break beyond this trading zone would take us to around £2000, which again, would be a region where we look to further DCA.
Typically DCA on funds closed from previous highs and overperforming instruments. Close high, add low.
Gold is targeting 1720 area - FOMC catalystHey Trader,
please see my current idea on Gold where my count suggests that we are currently in our bearish wave 3. This is due to the fact, that we printed a new low which indicated a break of structure. My last Gold analysis is folded and I am sticking to this one now.
This is no financial advice, just my technical expertise.
RT