GBP/AUD 4.1.2017
Time frame h4
Middle-term uptrend, short-term uptrend. The price had corrected to levels of FiBo 23.6 and SMA 200 and did not managed to break them, which gives us opportunity for new long position.
Price action signal: Pin bar at levels of FiBo 23.6 and SMA 200
Technical indicator:
CCI(50) - In zone of oversold and turning , when pierce level -100, the positive scenario will be confirmed.
SL: 1.6800
Alternative scenario: If the price breaks below the horizontal supports and make lower bottom, the negative sentiment will increase.
Jr_trader_B_Arabadzhiev
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.