We're seeing price test a major support level at 0.6043 which is an overlap support + has a bunch of Fibonacci confluence levels. This forms a strong level of support that price might bounce from.
If price were to bounce from here, we could see it rise quite nicely towards the 0.6099 resistance level which is an overlap resistance and a 50% Fibonacci retracement...
We can see that price has broke a key overlap resistance and could potentially rise towards the 0.6124 level which is a 38.2% Fiboancci retracement.
A risk level that i'd like to highlight here is the 0.6080 level which is our intermediate resistance. Breaking this level could provide further confidence of price rising towards the 0.6124 level.
Any opinions,...
We're seeing price make a nice double top reversal off the 127% Fibonacci extension. A reversal from here usually brings price down to the 100% level where it broke out from.
We're zooming in a bit more into the H4 time frame and notice that price has formed a nice double top pattern. We could see price drop from the 1.0966 towards the 1.0932 which is the...
We're seeing price approach major resistance at 0.9094 which is an overlap resistance, 38.2% FIbonacci retracement, 61.8% Fibonacci projection and the bearish Ichimoku cloud is giving price a nice bearish momentum.
A reversal from here could see prices drop towards the 0.8943 level.
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Price seems to be approaching a major resistance at 0.6811 which has seen multiple reversals in the past. A reversal from here could see prices being pushed down to 0.6730 which is a 23.6% Fiboancci retracement and our first support.
What is worth taking note is that NZDUSD is also approaching a major resistance and could see a reversal soon too. Our bearish view...
We're looking at GBPAUD on the H4 timeframe today - and we can see that it has already bounced quite nicely off a major overlap support.
Now the key thing here is the 23.6% Fibonacci retracement. If price is able to break beyond that level, we could see a further acceleration up towards the 1.8805 level which is the 38% Fibonacci retracement and a bit of an...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for AUDNZD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
SLO @ 0.7130 ⏳
TP4 @ 0.7115
TP3 @ 0.7033
TP2 @ 0.6925
TP1 @ 0.6750
BSO @ 0.6650 📈
BLO @ 0.6585
ADDITIONAL INFO:
* The pair is currently trading below the 200-day moving average, which is a bearish signal.
* The RSI is below 50, which is also a bearish signal.
* The MACD is crossing below the signal line, which is another bearish signal.
Based on these technical...
Today's focus AUDCHF
Pattern – LH - Continuation
Possible targets – .5920 .5875
Support – .5951
Resistance – .5875
Indicator support – MA sloping down, CCI 0 Cross
Hi and welcome to today’s update. Today we are watching the AUDCHF and wondering if we will see a new continuation lower that will maintain the current downtrend. Yesterday buyers made a solid move...
Trade idea:
wait for market to break support,
wait on re-test
after wick rejection at zone of resistance enter bearish
SL above structure
TP 3x risk
else,
Wait for market to retract to resistance
after wick rejection wait for break of support level and on retest wait for wick rejection this will give enough confluence to enter short
SL above structure
TP 3x...
