GBPAUD which way

bax699

Well-known member
428 82
Its monday, new day and a new week, so looking at a new pair GBPAUD .
The big out look is that we have been bullish for a while in this weekly channel. Recent times have seen a sharp rise on this pair. Price currently sits quite high in this top range. I have a couple of ideas for trades on this pair. If we get a little push back we could get a nice long position off the demand level below. Or if we continue higher then we can look for price exhaustion at the resistance zone higher above for a short position off the double top . Certainly one to watch going forward. Will look back to GA in a few days to see where we are. Have a good week everyone
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RachelFX

Member
86 22
Don't like the look of GA right now, will check back when I do my mid week analysis and see if it has shifted into a better position.
 

AdamCantor

Active member
127 11
Its monday, new day and a new week, so looking at a new pair GBPAUD .
The big out look is that we have been bullish for a while in this weekly channel. Recent times have seen a sharp rise on this pair. Price currently sits quite high in this top range. I have a couple of ideas for trades on this pair. If we get a little push back we could get a nice long position off the demand level below. Or if we continue higher then we can look for price exhaustion at the resistance zone higher above for a short position off the double top . Certainly one to watch going forward. Will look back to GA in a few days to see where we are. Have a good week everyone View attachment 274728
nice analysis mate. i think we will see this continue a gradual climb
 

Jungletrader

Junior member
20 7
I think it’ll test that Demand zone again and possibly create that double top for a Sell , we’ll wait and see
 

sebking1986

Junior member
46 18
Could go either way as you say and I genuinely have no inclination as to which way yet. Will wait for more movement for sure!
 

walpants

Junior member
20 6
did you trade this in the end? didnt quite come down to your area but had a small retracement before continuing up
 
 
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