Haynes6EU's Blog

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Blog 12/9: Buy GBPAUD follow daily chart

Hi Traders,
The daily chart of GBPAUD shows price bounce back strongly from bottom and just break out. I expect that price continue to correct higher. The next question is to choose entry point to join in the market/ Let's see the daily chart for detail:
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Blog 30/5: Nice trade of this week SHORT GBP/AUD

Hi Traders,
The weekly chart of GBP/AUD shows bearish direction. I decided to sell this pair. The next question is to choose entry and exit point. The H1 chart shows 1.726x could be good entry point, lets see the chart below:
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Blog 24/5: Sell GBPAUD to 1.71

Hi Traders,
The crossed pair GBP/AUD had rallied from 1.6 to 1.76 level for a short time. I expect it's time for bearish correction till ahead UK general election on 8th of June. My first target is 1.71 and second target is 1.68.
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GBPAUD - Simple trend line! Is it time to Long?

Hello community,
The crossed pair GBPAUD hit the rising trend line in weekly chart. Is it time to long? GU hit and bounce from support level 1.41; AU have a resistance level at 0.713x.
Good luck to all
Haynes
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GBPAUD break out!

Hello community,
Today is interesting day with EUR pair, congratulate to everyone who buy EUR. AUD is also very strong and crossed pair GBPAUD show break out signal on daily chart. Look at the chart and find a chance to trade this pair.
This week, There are some major data about Australia economy: employment data and monetary policy statement. It will have high impact on AUD. I don't know data but market shows hawkish on AUD.
Good luck to all!
Haynes
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Technical view: EURAUD; GBPAUD

I want to share my technical view about crossed pair as below.
EURAUD is consolidating at the middle-term trend line. Would it prepare for break down or bounce up again? I don't know, time will tell but it could be a good chance to buy at strong support because the chart shows more room for Bulls.
GBPAUD is consolidating but follow the chart I think this pair can have one more deep before go up again and the far target could be 2.0 level
Could you give me your idea by comments?
Thanks and good l…
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I saw bear power in gbpaud!

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GBPAUD continues to go down to 1.763???

1. Monthly chart: shows this pair is still in a rising channel. So I think medium-term target could be 2.0 level, It's also Fibonacci 50% level in monthly chart. May be the pair is in a correction process and short-term target could be around 1.76 level.
2. Weekly chart: weekly chart shows the pair is in wave 4 and prepare to start wave 5 for medium-term target 2.0 level. I think wave 4 can finish soon and I will watch closely on 1.76 level.
3. Daily chart show supply zone around 0.83 and deman…
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Haynes6EU 10 June

Down momentum still intact but it seems that the momentum is weaker!

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Haynes6EU 16 June

The pair bounced from support level after Carney's comments last week! The pair still is in consolidation period. I expect one more down leg before go up!

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Haynes6EU 23 June

The pair still consolidating in range 1.79~0.82! I still expect one more leg down before the pair can go up. China's Manufacturing PMI continue to support for AUD!

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Haynes6EU 30 June

Bored pair with thin range 1.8 ~ 1.82. What next? Let's wait RBA interest rate decision and statement.

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GBPAUD retest 0.84 level before go south?

Framework:
I. Fundamental: U.K's Fundamental data continues to support for GBP. Meanwhile Australia's fundamental data change from bullish to neutral after soft CPI data, next move of AUD depend on employment data.
II. Currency positioning: Net long position for both GBP and AUD.
III. Technical view:
1. Weekly chart: The pair GBPAUD go down when hit long-term downtrend line, reversal sign confirmed by a break neck line. The price go down and hit support at 1.774. There are two bullish candles fr…
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The price fall down from 0.83 resistance level. Fundamental is supporting for AUD. Employment data is good :D

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Next target: 1.76. After that price go up!!!!!!!!!!

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1.783 level hold and price bounce from there. AUD is loosing up momentum

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The pair bounce from 1.783 level. Now the pair can retest the neck line at 1.836~1.84 area

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It seems that the pair is consolidation in wave 4 and prepare for wave 5. The pair can visit 1.76 before go up to 2.0. Maybe?

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