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Thread: Asian and London Section In Focus: GBP/NZD, GBP/AUD and GBP/JPY

  1. #21
    GBPAUD giving quite strong bearish signals at significant resistance area. I translate this as a good opportunity to enter a position.

    The entrance signal isn't prepared yet, still these signals are sufficient.

    The previous arrow have been indied prior to the finish of the candle, because it currently has bearish divergence.

    Shorting GBPAUD provides a positive swap. There is no cost of holding this over the weekend.


  2. #22
    What is your taking profit level with this one?
    Due
    - Marc

    Quote Originally Posted by ;
    GBPAUD giving quite powerful bearish signals at significant resistance area. I translate this as a fantastic opportunity to go into a brief position. The entrance signal is not prepared yet, still these signals are adequate. The previous arrow have been marked prior to the close of the candle, as it currently has bearish divergence. Shorting GBPAUD gives a favorable swap. There's no cost of carrying this over the weekend. image

  3. #23
    Quote Originally Posted by ;
    what's your taking profit level with this one? Due - Marc quote
    With this place I aimed up marginally, to have the ability to take profit at target R :R 1:3 (1.96650) and still be in a position to maintain the trade.

    The egy with the commerce if it's as I think, is to close half the transaction at R :R 1:3. Then placing the halt to BE to your reminding position. If R :R 1:5 (1.94300) is attained I will considering taking profits. Alternatively and a better choiche is to to then set the stop at the R :R 1:3 procuring a new adequate profit and giving price room to breathe. Ultimatetly R:R 1:8 is at the 1.90600 level.

    If you're to paying some attention to a old trendline, then R:R 1:4 is your maximum acchieveable on this transaction. The trendline has been marginally broken once, still appears to be respected by price.

    One other as significant aspect is when to BE together with your own stop. This pair is able to move alot in a brief time period. Still looking at earlier PA, I'dn`t BE before R :R 1:3 is attained.

  4. #24
    Quote Originally Posted by ;
    GBPAUD giving quite strong bearish signs at important resistance area. I interpret this as a good chance to go into a brief position. The entrance signal isn't ready yet, still these signs are sufficient. The previous arrow have been indied prior to the finish of the candle, as it currently has bearish divergence. Shorting GBPAUD provides a swap. There is no cost of carrying this over the weekend. image
    Yeah GBPAUD is hitting on at the 2.0000 level, we are in need of a good sign to tell how the level is holding up. Sure, there's a bearish divergence on the 4H chart, however, the previous 250 pips rally shouldn't be missed.

    Conclusion is I wouldn't jump the gun till there's a support pattern on the 2.0000 level if I'm planning to take it for couple days.


    Hold it or split it, next week for sure, we'll see what happens.

  5. #25
    Yeah, it is a fascinating week ahead of us. Might be motion.

    I've four signals that I search for when entering a situation: 1) Daily Divergence (Last 24h on the 4h chart), two) Divergence peaks/bottoms (I compare price/consensus from equal amounts), 3) Where's price on the chart (Support/Resistance/MA/Trend) and 4) Entry signal.

    If signals are powerful at support or resistance areas, I'll take positon even without the entry signal. Because it is always lagging than others. For this chart everything is pointing downwards for me. As always, I may be wrong. This can be forex trading with risk involved.

    I set up the proper fundamentals for the week. I suspect Fx Say What's appreciating his Saturday when putting up the fundamentals

    Have a wonderful trading week beforehand.


  6. #26
    Closed GBPAUD. I feel it will test the resistance again. Securing profits. Awaiting future signals.

  7. #27
    Quote Originally Posted by ;
    Closed GBPAUD. I believe it will test the resistance . Securing profits. Awaiting signals.
    Good call.
    For the time being, looks like we've got 2.000 on top and 1.9900 at bottom.
    Big movements are not likely to occur on Sunday afternoon.

    Good fortune.

  8. #28
    Trading idea: Long GBPJPY from current price levels. Buy limit at 190.70 may be perfect entry.

    Important fundamentals coming in under two weeks from England. Can lead to motion, it also increases the risk.

    This trade may be regarded as risky.

  9. #29
    As for now I maintain the outlook for a bullish move. Still, be careful with your entries. I am hoping that 190.50 area provides support or one of my stop losses will probably be hit.

    About 189.75 is going to be the next place to enter.

  10. #30
    Hello all,

    I really like to scalp GJ; simple PA with only a few of indy's. RS

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