From Investor to Scalper – series of studies created in cooperation with broker BDSwiss, in which we take a financial instrument and the analysis includes a detailed look at the value from the monthly chart and ending with H4/H1.


Since August 2015, when the market rebounded from 50% of the Fibonacci correction from the entire previous downward movement, we observed a dynamic decline. As a result of this move in November, we arrived in the vicinity of local support, which coincided with a 78.6% Fibo measurement, where a demand response occurred. After two months of gains, we once again see declines and the market has once again reached the support area.

GBPAUD Monthly

Looking at daily chart, we will notice that market has been slowly moving south for a long time. However, only the lower highs formed while testing the bearish trendline testify this. Still, 1.5900 support level is unbroken, which we can expect to re-test in the nearest future.

GBPAUD Daily

On H1 chart, we can see that market is currently testing local 1.6195 support where demand response has just occurred. If this level is rejected, in near future we would expect at least an upward correction and re-test of level 1.6320, which coincides with the 38.2% of the Fibonacci correction from the last drop.

GBPAUD H1

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