Big GBPAUD Short Setting Up (800pip potential)
GBPAUD is nearing the 200EMA on the daily chart. It coincides with a number of other key technical indicators:
- Previous Support
- Trendline/Channel Resistance
- RSI been in a heaving overbought region for a long time
- 32,8 Fib Retracement from 24 Aug '15 high
With this setup we still need to exercise patience to wait for a confirmed sell signal. I'd prefer waiting for price to hit the 200EMA and test the 1,9875 - 1,9900 region, and then form bearish price action.
If things fall into place we could be positioned for a strong downward move of 800 pips back down to the 800 EMA at 1,9000.
Will keep the updates coming.
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For more info visit fxcoach.tv
- Previous Support
- Trendline/Channel Resistance
- RSI been in a heaving overbought region for a long time
- 32,8 Fib Retracement from 24 Aug '15 high
With this setup we still need to exercise patience to wait for a confirmed sell signal. I'd prefer waiting for price to hit the 200EMA and test the 1,9875 - 1,9900 region, and then form bearish price action.
If things fall into place we could be positioned for a strong downward move of 800 pips back down to the 800 EMA at 1,9000.
Will keep the updates coming.
--------
For more info visit fxcoach.tv
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.