Daniel.B
Long

Reaching a key area! *S/R* *Fibonacci*

FX:GBPAUD   British Pound / Australian Dollar
462 19 12
Update: No signal for long entry yet. Sitting on the sidelines.

Well price is finally creeping towards the lower bound of the channel price has been travelling within. I'm looking at the .618 Fib Retracement (Also where 100 MA support lies) for any signs of Daily candle signals of a long entry. The area between the 50 / 618 Fib levels has proven key during the past two times that price has tested to the lower bound of the channel.

Targets for the trade if entered will be the following:
1 = The physiological high and round number 2.0000
2 = The -27 Extension at 2.0400 (I prefer to put TP at the round number near the extension.)

Stops if entered will roughly be around the 1.8840 area.

Happy Trading traders! Feel free to put your own input in the comment section. =)
Update: Still sitting aside waiting for the daily candle to close and show us its hand! =)
Reply
Now we're at support it seems.
+1 Reply
Daniel.B IvanLabrie
Yea its definitely testing support, but still no long signals for me. The same as Technician I'm waiting for a Daily candle hammer, doji, engulfing to signal an entry long. Preferably a hammer or doji though.
Reply


Different strokes for different folks...there's very limited downside here.
+1 Reply
buckleforex IvanLabrie
Daniel FWIW, we're back above the 100 Day MA. A good sign.
Reply
Daniel.B buckleforex
Yea monitoring it! We might get our signal to enter long by the end of tomorrows US Session! =)
Reply
Daniel.B IvanLabrie
Thanks for posting the chart on here! =)
+1 Reply
Hi Daniel, good eye on the daily trend channel
but i have another weekly channel support waiting at the green, if the daily channel breaks down.
until then i could be totally wrong :-)
snapshot
+1 Reply
Daniel.B jangseohee
High thanks for the kind comment! =D
And thanks for posting the Weekly Channel on here, as I hadn't noticed it! =D Lets see how it pans out
+1 Reply
Yep very similar to GBPCAD structure.. Would love to see a hammer here
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out