This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
View On GBP/CAD (28 August 2019)
Did you read the previous analysis?
1.636 is proven to be good resistant.
It may pull back to 1.6162 (or) 1.605 first. If you want to buy in, you can patient until the mentioned levels (or) wait for the support region.
Time it well.
DYODD, all the best and read the disclaimer too.
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Price is approaching our first support at 0.9553 (Horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9698 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also...
AUDUSD is nearing its major support at 0.7755 (61.8% Fibonacci extension , 61.8% Fibonacci retracement level, horizontal swing low support) where a potential bounce might occur. Prices may move up to its 1st resistance at 0.7888 (61.8% Fibonacci retracement, horizontal overlap resistance) before a further rise to 2nd resistance at 0.7991(61.8% Fibonacci...