GBPAUD: Bearish Outlook, Selling Should Gain Momentum
Negatives:
1. Last valid sell Sell Fractal was August 16th.
2. Your compass for direction, the alligator, is feeding in a down trend.
3. CHOP is almost BELOW the shaded area. This predicts a trend.
4. CHOP ZONE is red, indicating a downward bias.
5. Prices are trading below the Ichimoku Cloud . This is a sell signal.
6. Prices are below the red Ichimoku Cloud conversion line. This is a sell signal.
7. Prices are below the Ichimoku Cloud baseline. This is a sell signal.
8. The-DMI (top) has a bearish cross. This is a sell signal.
9. The phase energy (top lower) is steadily falling, and it is below the zero line. NOW HAS A DOWN-WARD BREAK. This is a sell signal.
10. Ichimoku Cloud has red border.
11. Trend-line is heading lower.
Positives:
1. NONE TO REPORT.
For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”. Currently the forward projection is VERY WEAK.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-GBPAUD IN THE TOP MIDDLE INDICATOR.
AS YOU CAN SEE, THE FORWARD PROJECTION IS HEADING DOWN TOWARDS THE ZERO LINE.
Note: DMI-top and phase energy (bottom) already have negative crosses. These usually lead the forward projection because they are faster indicators.
A four hour chart looks even more NEGATIVE.
So, I feel-GBPAUD will be heading LOWER.
Good luck to you in all your trades. Don.
1. Last valid sell Sell Fractal was August 16th.
2. Your compass for direction, the alligator, is feeding in a down trend.
3. CHOP is almost BELOW the shaded area. This predicts a trend.
4. CHOP ZONE is red, indicating a downward bias.
5. Prices are trading below the Ichimoku Cloud . This is a sell signal.
6. Prices are below the red Ichimoku Cloud conversion line. This is a sell signal.
7. Prices are below the Ichimoku Cloud baseline. This is a sell signal.
8. The-DMI (top) has a bearish cross. This is a sell signal.
9. The phase energy (top lower) is steadily falling, and it is below the zero line. NOW HAS A DOWN-WARD BREAK. This is a sell signal.
10. Ichimoku Cloud has red border.
11. Trend-line is heading lower.
Positives:
1. NONE TO REPORT.
For an estimation of possible FORWARD TRENDING I use the Ichimoku Cloud Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)). This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundaries. It is referred to as "Leading" because it is plotted 26 periods in the future and forms the faster Cloud boundary. I then make an oscillator out of this and plot the progress up and down around a “zero line”. Currently the forward projection is VERY WEAK.
I HAVE THE RESULTS OF THESE CALCULATIONS FOR-GBPAUD IN THE TOP MIDDLE INDICATOR.
AS YOU CAN SEE, THE FORWARD PROJECTION IS HEADING DOWN TOWARDS THE ZERO LINE.
Note: DMI-top and phase energy (bottom) already have negative crosses. These usually lead the forward projection because they are faster indicators.
A four hour chart looks even more NEGATIVE.
So, I feel-GBPAUD will be heading LOWER.
Good luck to you in all your trades. Don.
