Long signal

GBP and AUD flags

Hey traders, how is your trading going?

Last week I wrote about the GBPAUD, I thought it was trading in a very clear bullish condition but didn’t mention anything about my entry signal…

The market conditions are still unchanged, its been slow, but it is still trading in a clear bullish condition… and you know what we need to do.

Keep looking for long opportunities.

One of the things that I like about the GBPAUD (and GBPNZD) is that it moves a lot, once it gets going, nothing will stop it…

So we need to get ready to trade it, otherwise we’ll miss this opportunity.

Here is my signal!

GBPAUD Long Signal

Let me show you what the 30M chart looks like:

GBPAUD 30M

Long signal details:

Entry stop order: 1.8697 + spread
SL: 1.8649
TP: Open

We need to be careful with a few fundamental announcements due later this week…

Your turn

Are you currently trading the GBPAUD? Do you agree with my trading plan?

What other currency pairs are you monitoring?

Share your thoughts!

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • Chad Hogan

    Raul,

    Yes GBPAUD is the other pair in my sights. Im hoping the AUD will strengthen by the end of the week, that should leave us with 400 pips + shorting the pair.
    Cheers
    Chad

    • Raul Lopez

      I had the GBPAUD in a bullish condition, but then it retraced back and traded again around an important level… So what I did is, increased the size of the range, and as you said, if it breaks the lower extreme of the range, I’ll also be looking for short opportunities…

      What do you think about my plan?

      Please let me know.

  • Varahala Babu

    hi raul…can we still go short on eur/usd ? if price retraces back to 1.2690 (short term resistance ) can we execute sell trade ?

    • Raul Lopez

      Hello Varahala,

      I dont know what system you are using to take your trades… So I guess you need to wait for your signal… If you get it, just take it…

      I have the EURUSD in a bearish condition, but I’m still not comfortable with the way its trading in the short term charts, so I’m going to wait a little longer here.

      Good luck!

      • Varahala Babu

        hi raul thanks…..i`m using the strategy in the ebook you have written…to say simply according to ebook it has broken long term support level 1.2831 so i`m thinking it is likely to continue it`s way down until atleast next long term support level….1.2126….which is the entry price are you waiting in short term charts

        • Raul Lopez

          Yep, the strategy on my eBook is what I use to determine what currency pairs to trade, what direction to trade them and until when…

          But I never talk about the entry rules, etc. That’s the reason I told you that if you got your signal, then take it… But based on the analysis, yes, I agree, the EURUSD is still in a bullish condition, but based on my entry rules, we still need clearer levels to take trades…

          Good luck Varahala!

  • Chipo Ruvengo

    Hi Raul. What do you think about the following setup for EURNZD.

    Buy Stop: 1.62490

    SL: 1.61490

    TP:1.6884

    Although the pair is trading at an important level the weekly chat and looks bullish to me what do you think.

    • Raul Lopez

      If you think the EURNZD is trading near an important level, I wouldnt suggest you to trade it, its just there that market behaves volatile (most of the time)…

      With that being said… I’m not comfortable with the way the EURNZF is trading right now, and for that reason, I’m not going to trade it!

      But again, that’s just my opinion, the market could hot your entry order and go directly to your TP order… but its not very likely…

      Good luck!

  • Varahala Babu

    hi raul…..what is charting software you are using for posting the charts in free analysis…and please tell me the website i will use the same charts…i`m using mt4….but charts are not as clear as you are posting on the website….thanks

    • Raul Lopez

      Hello Varahala, you dont need to use the same charts… I use them only for my blog! To trade I also use MetaTrader4…

      But if you still want them, you can get them here http://www.tradingview.com

      Have a great weekend!

      • aj

        Thanks, I checked the site and found it is very useful.

        • Raul Lopez

          I’m glad it was useful…

  • dominiek

    Hi Raul,.. i believe you are a good trader but every time when i trade one of your signals it end up in a loss…

    • Raul Lopez

      Thanks Dominiek…

      I think you are not following them right… This pending order didnt even get triggered…

      The GBPAUD didnt get that high!

      Good luck!

      • Varahala Babu

        hi raul….i have profited nearly 90 % of trades with profit by following free analysis by following same levels ..thanks

        • Raul Lopez

          Wow Varahala! Congratulations, at the end you are the one executing those trades, so congrats for that!

          Have a great weekend!

  • Mohamed Sobhi

    good

    • Raul Lopez

      Good

      • Mohamed Sobhi

        I want to ask you some questions

        • Raul Lopez

          Ask them

      • Mohamed Sobhi

        please

  • Robinson

    Thanks Raul! I’ve been watching this pair closely for the last little while.

    Since you also mentioned the GBPNZD, what are your thoughts on this pair? I traded it at the start of the week and made a sweet profit when it jumped over the 2.100 mark. Since then my position was stopped out after the retracement. There is an important level around 2.150ish and I didn’t want to risk it. However we can see a big momentum all across board against the NZD. If the GBPNZD were to break that resistance level and solidify a new support, there is the potential for the pair climbing all the way up to the 2.200 mark. What do you think?

    • Raul Lopez

      Hello Robinson, yep, it was a good upswing in the GBPNZD, I also manage to profit from it! But right now it is trading at an important level… so we need to wait a little longer…

      Good luck!