GA within -61.8 & -78.6 fib extension and liquidity zone
GBP AUD to complete it's next downside leg. Multiple rejections off the 61.8% FIB, one off the 71% and a third bounce off the descending TL.
Lets wait and price will tell us when to jump Still bottom break are on point (even better situation for us) Watch the full market overview on my youtube channel www.youtube.com
I buy with break out SMA20 and HH. TP around previous high.
Structural HnS on h4 price moving towards retest of descending trendline, sell on candle stick confirmation on h1/h2/h4.
GA 1.78200-1.78300 selling range towards retest of ascending weekly trendline
I sell it after seeing breakout I confident (maybe too much?) that it will down, but the market is very bad, It pullback up a lot, I open short and short and short... but still going up. I felt bad, so I quit the trade cut off, After that, it going down. My fault and blame to myself. I must never do that again.
Hi, It is my second trade, I buy with analysis: 1. Flag pattern 2. Riding the trend. (follow trend), not sure is it wave 3 or wave 5. But i set TP at the previous high.
Seems like GA is forming Double Top , Probably it Can start Downtrend With The Breakout of Triangle and Consolidation period will be over with, Stick your Eyes for the breakout , If you find this analysis Useful Then like and Comment :)
As I mention in my analysis last week, my long term bias on GA is pretty bearish. Last week, we came all the way to 1.7700 to test the 0.618 Fibonacci level. After that, GA formed a evening star candle, with extreme bearish close on Friday. I will expect some futher down side momentum on this particular pair, 1.72500 will be my first target. Depend on the price...
After bullish breakout and confirmation. Buying this pair for around 180 pips.
Go ahead and take the potential 90ish pip short then continuation to the upside. The trend up is too strong to be ignored and we will push higher
Bulls in control. short term sell at the 50% fibb level of the downtrend (that kept the overall bullish momentum intact with a HIGHER low) Overall uptrend targets are in the hundreds of pips. But conservatively 50-130 pips potentially on the table for the retrace before continuation
Expecting the type of protracted non-stop selling that pushes hourly candlesticks below lower bollinger bands for a long time before exhausting. Am neutral, just observing that breakdown (cyan line) that has acted as pivotal point. Continuing observations from my short call late last month, If I had to guess on where selling might exhaust, it'd be at the bottom...