price approached both weekly (purple) and daily (green) zones which I am hoping they well reject due to strength of zones. ramadan mubarak to my muslim followers and traders and have a wonderful ramadan and I hope you're trading goes well within this month :)
The previous analysis on this one played out quite nicely and we have been moving towards that long term entry zone on the right as well. Past week it formed a nice bullish wedge on the right, but that one failed eventually and the price has been dropping some more since. When we look at the right, we can see the big yellow triangle has the shape of a big wedge as...
Check the chart for recent support and resistance areas. Peace & Love
price hit resistance and made lh's and ll's than price decided to create new hh's and hl's.
On the left we can see a broadening triangle, which looks very legit. At this point it is against resistance again, so we could see some rejection. With a pattern like this, we usually don't see a big break right away. More often we see a drop first, see where buyers step in again and create a higher low before breaking up. On the left there is no weakness yet,...
GBPAUD Trend=> Upwards Expectation=> Dropping to re-test the trendline =>Short to the trendline, =>Buy top the resistance
We are back into the 1.79000 Supply Zone, this could extend up to the 1.8000 zone, before we see a clear rejection. My bias is still bearish. Me thinks this is a mild bit of short squeezing and a bull trap in the bigger scheme of things. The Head and Shoulders has not been completed due to Fundamentals. But who knows with this Brexit thing. We wait. Hit me up...
GBPAUD Nicely rejected 1.7588 zone, following the noted trendline to create a new low. I am of the opinion that the price will return to the 1.7800 region where price will attempt to breach this level, however it has held as support for quite a while. I believe it needs to retest as resistance before we can continue on our way down. Exciting times in GA...
Look at the chart and take a look at my previous posts. Let me know your thoughts. :)
Looking like the market as come back to its range high's. Failed to create new highs. Could this be the last push upwards, and can we see a downward continuation? Lets discuss this. Let me know your thoughts.
Hey Guys, Still holding my trade that I posted about two weeks ago, however reentered at slightly lower levels. Scared money doesn't make money. As well as PATIENCE. Don't lose a good position for a short term movement. This is why risk management is KEY. We have been stuck around the 1.7520+ region for a while, however the Weekly level held (Nice wicks on the...
GBPAUD H1 Chart It has repeatedly returned from the same support line Again, the formation of a peak can be expected. If it break the support line and the green field is closing, the price may fall to a very low level. If it ascends, it will go up to the blue line and fall back. If it passes the thin blue line, it goes up to the thick blue line. ***This...
Has a nice long trend but has it ran out of power looks like not yet but I'm torn so I m waiting before I short just look left and this area has been a short area so I'm waiting
significant level .6000 got broken through this morning. strong bullish candle! 0.62 here we coe. rr2.88