Expecting a bullish retracement on GBPAUD to 1.89877.
On the daily, the market is also respecting a bullish order.
On the weekly, price has broken our trendline after three touches but the breaking candlestick didnt closed as an inside bar, no clear rejection from the upside. A close below the low of the candlestick...
LSCC broke the decade long resistance of $41.31 in November of 2020 and has used that price as support since. After breaking its all time highs from the 2000's LSCC has been forming an ascending triangle.
As we can see LSCC was recently rejected from the $57.60 to $58.38 range which were it's recent highs and it has been using the white trend line as...
Possible short opportunity on GBPNZD.
We have seen rejection at resistance for the 4th time and so we can expect some bearish momentum.
A break of the 200 day EMA and the trend line at the 1.8975 level would call for a short opportunity where we could see price return to support at the 1.8610 level.
Confirmation of breakout:
- Closed bearish 4Hcandles
There are many confirmation of sell - Gbpjpy D1
1st Market breakout strategy that I always use market break the support n retest then support become resistance.
2nd: There is channel in this chart and market moving under the channel to downward.
3rd: There is strong bearish pressure right now in market for this pair.
Iv set a price alert on this pair and watching for a potential short opportunity. 1H chart analysis with Breakout Trading strategy.
Please feel free to leave a comment, pick my brain, I’d love to interact with you if you’re trading this pair as well.
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Remember this analysis is not 100% accurate. No single analysis is. To make a...
On Friday there was a spike in EURUSD volatility and we could see dollar weakening.
Joining bulls if breaking 1.0865 price level with 1.0845 S/L and 1.0916 T/P provides decent R:R.
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