with the first and second target being displayed, expecting gbpaud to see the 1.7500 resistance zone and above, after a deep fib retracement and some technical analysis
If you dont know how to trade with this analyses, please look at the related ideas at below
Use %2 Risk Management
we are not trading for D point, Price may not come to D point
we will enter trade When price will come to D point of the Pattern
D point is end of Triangle
At the related ides, there are the rules of target and trading Strategies
Good Luck
I am still learning the markets but a quick mark up of AUDUSD has me lead to believe that the pair will drop slightly and consolidate, before dropping to the macro trend line and bounce off to continue rise.
WE'VE WATCHED THIS PAIR FOR A WHILE, IT HAS BEEN CHOPPY BUT JUST LIKE GBPJPY THE BEARS CANT' SEEM TO GAIN CONTROL. THIS PAIR COULD MOVE UPWARDS TO 1.33 LONG TERM WE FIGURED WE WOULD TAKE 40 PIPS OR MORE BETWEEN NOW AND SUNDAYS GAP! STAY TUNED IN!
Price respecting supply zone / 50 fibonacci level. I am looking for a break of counter trend line then retest before going long. This is a setup I have in mind for CAD news tomorrow morning, and will look to enter around that time.
Only enter after solid confirmation :)
Action to Take: Go Short, enter sell at 130161 stop
Take Profit Level: TP1 129615, TP2 129372 Stop Loss Level: 130481
Additional Factors:
Timeframe: ~ 24 hours
Total Risk of Account Equity: 2% or less
GBPCHF has reached critical resistance in our view. Current price structure suggests upward move that began on the 16th of March 2017 may have amounted to a protracted correction and may be in the process of topping out. Our main bias is now to the downside and we look for any daily price close and penetration below zone bounded by red and black upward sloping ...
GBPUSD is proving equity is currently flowing into UK against major currency pair as this pair is tracing out a bullish structure. Current price action is well below key resistance zone of 1.31899/1.32922 and may have been overbought. Our view is that there is strong case for price retracement going into the week.
However significant retracement is expected to ...
Generally speaking it appears equity seems to be flowing into the Aussie crosses against minor pairs as AUDNZD traces out a bullish bias. However current price at 1.08999 is near critical resistance zone of 1.9307/1.9738 and hence further upside movement may experience some disappointment in this pair going into the week. Nevertheless, we expect price to ...
Further to the earlier view that the AUDJPY pair was neutral, we have now adopted a bullish bias for the pair. AUDJPY pair appears to have traced out a bullish structure with current price action having acted like a bounce off 81.696/81.386 critical support zone. Next move appears to be shaping up for what looks like final wave 5 of a possible initial impulse. ...
USDJPY appears to be in what can only be said to be a rather complex corrective pattern in the bigger picture. However it does present some substantial trading opportunities. Current price is viewed as preparation for a bounce towards 115 area first. Close above there will target the 120 area as next realistic resistance.
However we expect to see some price ...
Further to our earlier view that EURGBP is bullish in the long term, we have adopted a near term view of the pair. Our view is that this pair has most likely adopted a bearish pattern, at least for the coming weeks, and our near term outlook is now bearish. Overall price structure seems to have traced out what looks like a truncated fifth wave upwards as shown ...
EURGBP seems to be tracing out what seems to be the end of a complex corrective pattern. Price has already bounced off orange critical support trendline so further downside is expected to have hit headwinds. A daily bullish engulfing candle close of current price should bring price to touch critical resistance trendline shown first. Daily close above that ...
