GBPAUD

[Leebax]

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

 

[James_Burt]

I’ll keep your advice in mind, thanks.

 

[REB_FX]

Certainly a pair to come back to later in the week, bias would be long overall, but not something I would like to trade in current area.

 

[Zack King]

good stuff mate. not trading this one until i see more stability

 

[Jungletrader]

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

 

[Petez_FX]

Looks good. I will look to buy around the same area as what you have marked up.

 

[DT77]

I'm waiting to enter a buy here when the time is right

 

[sebking1986]

Looking at that chart it could genuinely go either way. Will be keeping an eye on it as I can't yet call it without it showing its hand more.

 

[Alanmarshall]

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 everyoneView attachment 15449

bullish for me

 

[pezza55]

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 everyoneView attachment 15449

Still respecting the upward trend and think it will reach the upper levels before the pullback and retrace to you trend line then back in for long term buy!

 

[walpants]

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