GBPAUD SELLS POTENTIAL 100-150 PIPS
PRICE FAILED TO BREAK ABOVE MOST RECENT HIGH
PRICE HAS 3RD TOUCH OFF OUR 4HR TRENDLINE
PRICE HAS BROKEN OUT OF OUR "BEARISH TRIANGLE" PRICE PATTERN
WASSUP TRADERS, #FOREXFARGO CHECKING BACK IN!
NOT THE BEST WITH THE BITCOIN ANALYSIS BUT HERE WE GO...
BITCOIN ANALYSIS.
Confluences:
-Reject/Bounce off Daily Descending TL
-Bounce off May Support Level
-4HR potential Doji
-2hr potential Spinning Bottom
-1hr shows multiple rejections at 7175ish
BUY STOP @ 7200.00
SL @ 7165 (-35 PIPS)
TP1 @ 7385
TP2 @...
Wassup Forex Community, #ForexFargo checking back in!
Dropping yet another DETAILED BANGING ANALYSIS.
Please refer to the chart and look at the multiple confluences.
Looking For Gold Shorts around 1520 area.
"There must be buyers, in order for there to be sellers"... so with that in mind, I am factoring in the fact that Gold dropped 300 pips yesterday.
AS OF TODAY, Gold had seen price wick down toward 1500 before USD News release came out today before making a small rally.
Tomorrow, we will have more News release however...
Price has almost done its full daily retracement.
Price entered this zone again that has been acting as demand/support.
No candle close below this zone.
Potential double bottom at zone and overall bullish trend continuation.
Price has been consolidating between this 2 levels from a couple weeks ago...
Waiting to see how price reacts or rejects on this ascending trend line...
Price has been seen rejecting this .25000 region for some time now...
LETS SEE WHAT HAPPENS...
PLEASE REFER TO CHART
ALSO PLEASE REFER TO PREVIOUS LINKED CHART TO SEE HOW PRICE REACTED LAST WEEK WITH ECB RATES LAST THURSDAY THEN WICKSAW'D TO THE UPSIDE
THIS COULD BE A POTENTIAL INTRADAY SET UP NICELY.
LOOKING TO SEE IF PRICE BREAKS THIS ZONE TO THE UPSIDE OR IF WE HAVE MORE WICK REJECTIONS WITH COULD BE POTENTIAL SIGNS FOR SELLS.
PLEASE REFER TO CHART.
