This is GBPAUD for 1hr/15 min for a buy. We can see clearly now ( Tribute to Johnny nash)
Okay, On my Higher timeframe the Daily we have an uptreand , so i was looking for a pullback(Discount) so i can try and join the uptrend, on my trading timeframe the 240 i was looking for a temporary downtrend. Price started to range between 1.11212 and 1.10742(Marked by green broken lines) this was a sign of sellers struggling to go lower low, but the buy ran...
GBPNZD is correlating with my other setup of GBPJPY, in fact the entire GBP pairs are showing signs of going long in the 240 chart , price was in a mini range after the pullback, recently we flew out of the range and now price looks like it is holding on the other side of the range, i am looking for buy setups in the next few candles if the conditions stays like this.
I have been stalking this setup from last week, and the signs point to the upside, the buyers came back with big candles and the sellers have since been struggling to go down, price is currently in a mini range.
The rubber band man is exhausted on the 4h. he lacked the capacity to break out and form wedge. i have watched ALL present sellers being crushed. i anticipate buyers to come in and form a new swing
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Anticipating price to make a higher high from this zone. AT least going up towards 1.1325.
If price are able to hold around 40, a buyer's push would be anticipated towards the recent high.
If we are able to get a slight pullback that shows slow momentum, a sell would be anticipated.
If price are holding as it is, a buyer's push could come in towards the recent high .
If price are able to hold below 1.26. A sell move would be anticipated.
If price are able to hold below 700 with weak buyers. A short could be anticipated towards the recent low.
Seeing how price are able to hold at 300, a drop could be anticipated towards the recent low.
If price are able to hold around the price of 104.00, Would be anticipating a buys to go all the way up at least towards the recent high.
If the sellers are able to gradually pullback towards 147.60, a buy towards the recent high would be likely to happen.
Anticipating buyers to push price back towards the recent high.