Monday 13 August 2018

How to make money using mutltiple timeframes anlysis for pair GBPAUD

Pair = GBPAUD
Market = Bearish Market
Opportunity = Selling Opportunity

Support
 level = 1.8350
Level = 1.7590

Resistance
 Level = 1.7100


Weekly Timeframe: overall direction is Bearish
we can see the significant supports and resistances including the bearish movement.

Daily Timeframes = To make a decision (Sell or Wait)
Market Start Moving down forming Lower high and Lower low including moving average crossed over.


Detail picture of the Daily Timeframe. Support became resistance that is level 1.7590

Once Fibonacci Retracement has been drawn,
we can clearly see that 50% fobo Retracement has made.

Time Frame = 1 hour Timeframe ( to execute the order)


In 1 hour timeframe ,  Retracemnt is underway respecting the Trendline towards resistance level 1.7590
once the trendline breakout we could make execute the order.

Note:- This Multiple Timeframe anslysis is only for eductional purpose.