GBPAUD – Forex Trade Setups (09 October 2018) | #forex #money #market

GBPAUD – Forex Trade Setups (09 October 2018) | #forex #money #market



GBPAUD - Forex Trade Setups (09 October 2018)

GBPAUD – Forex Trade Setups (09 October 2018)



Today, we have 1 new trade setup, then I will update the Hotlist very quickly. The analysis videos of the Hotlist items can be found in this playlist: goo.gl/cDhqTd

List of the Actual Hotlist Items:
EURUSD, USDCHF, EURCHF, AUDCAD, AUDJPY, XAUUSD, COPPER, USOIL, SPX500

TO JOIN THE TRADING GROUP: www.patreon.com/WaveAnalysis/

WHAT IS HOTLIST?
It’s a short list that contains the previously sharing charts which we still have an active trade or a pending order or a valid trade setup.

DISCLAIMER:
Don’t invest more money than you can afford to lose. Trading carries a high degree of risk. Everything here is my personal opinion, should not be considered as trade calls.

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1Comment
  • BK udonnoodles
    Posted at 08:08h, 09 October Reply

    Am currently eyeing/holding 3 of the pairs, gbpaud, usdchf and audcad. Just like to share what i think on the 4hr based on my analysis
    Had my short-trade losses turn into decent profits after gbpaud reversed at the top. I had mentioned the terms "oversold"/"overbought" from momentum indicators previously. For me, they are primarily used to indicate the ending of an impulse wave, and it does reflect market sentiments quite accurately since many ppl rely on them in conjunction with support/resistance zones.
    1. gbpaud is likely to make a correction to the trendLine support and continue an uptrend. However, brexit news makes the pair volatile so my TP will be there.
    2. usdchf is oversold so i won't expect a strong upward momentum. My sell order is ironically at your buy order
    3. Im also watching the audcad trendLine closely. Personally i think it will go up for 1 more wave before reversing & breaking the trendline, at an area of fib-ratio and horizontal resistance overlap.

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