Analysis of #GBPAUD
The GBPAUD has a strong demand zone near 1.7300 where the market witnessed strong demand and GBPAUD rallied.
if the market does test my structure support zone I will then drop a one-time frame looking for a bullish pattern to get in a buy trade that meets my rules for entry
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Price happened to be in a submuette wave 2 of the overall impulse wave of the fifth wave. we expect an ABC correction up onto 38.2% fibs level before entering wave 3, which also, carries five(5) submicro waves.
However, do know that we're in the fifth wave of the overall movement. we keep on looking for selling opportunities until wave 5 elapses.
WAVE 5 = 5 WAVES
Time Frame: 4H
Symbol: EURUSD
Entry: 1.06691
TP: 1.01926
SL: 1.09808
Bias: Short
We are planning a sell trade for this instrument. Our goal is to to short from the resistance and take the the opportunity of price correction.
Time Frame: 4H
Symbol: ADAUSDT
Entry: 0.5614
TP: 0.2544
SL: 0.7763
Bias: Short
The current trend of this pair is admittedly bearish. So we plan to look for a short opportunity.
Time frame: 4h
Symbol: XAUUSD
Bias: Neutral
XAUUSD is in a critical position. it has a high probability of moving in any direction. With caution, a breakout can be traded.
Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves.
Analysis on #GBPUSD
The market is near its support zone, trendline support, and 1.3600 key level where buyers showed a desire to buy up the market.
waiting for the market to come to my zone and show a reason the meets my rules for entry to get in a buy...
I have been taking advantage of the side ways movement for the last few weeks bouncing from support to resistance over and over, but like I have also been pointing out there is huge room to the upside on the higher time frames. I do think we are going to see a break and continuation on higher very soon as AUD shows good signs of more weakness. My ideal situation...
Hi everyone:
From my previous analysis on GBPUSD, we see price manages to break above a potential double tops, and continue to move up.
The latest price action still shows signs of correctional structure, and now we are approaching the higher time frame double tops, right before the Covid sell off.
We do see price is overall slowing down around this general...
