After the price couldn't break through the upside of the last high anymore a double top was formed and the price fall down below the trendline. Now the price has retraced 76.40% and it seems that a lower high has formed. Normally I would watch for a good opportunity for a short trade here but because of the referendum tomorrow I will stay out of any trades for...
GBPAUD well, there is not much to say, in 15m just broke a nice resistance, it seems that will make a nice shoulder-head-shoulder, also seems like the 1h and 15m 5th elliot wave, and the end of a 4th wave on 4h. It coudn't suppas the fibbo resistance. And well, in the lv2 there are like the HELL of a lot of selling positions right above that is scaring the price...
I will be looking for a movement below the green support on Monday before placing a trade. Overall this pair is trending down and it has pulled back to resistance. I believe this is a good time to short with the proper signals. I will be paying close attention to RSI and MACD. I have 3 TPs shown. The green line is long term support on the weekly. Looking like a...
Were in a bullish trend here :) -This daily trendline has held for our last EA Long so I think it will hold again -ABCD Structure -FIB on here from most recent A to B wave watching the 0.618 as usual -There is some AUD news coming out later this evening to bare in mind if we get it. -So I'm looking for a good amount of rejection...some long wicks and reversal to...
VIDEO: www.youtube.com One of the traders following my videos has requested I post my DXY chart as a published idea on Trading View. Here's the chart as per requested. Star Prosper Philip Stewart
Channel formed on 4h and 1d charts. Wait for possible retracement before triangle breaks upwards towards the Weekly resistance.
Day time frame into 4 hour into 1 hour I.P.D.E IDENTIFY: Major and minor structure points (have deleted the arrows on the charts, but your eyes will pick it up) Fibonacci Retracement and Extension moves. Any patterns and candlestick formations. PREDICT: Using the Fibonacci Extension and Structure points. RSI not in over-bought territory, potential move...