The PRZ range shown in the figure is the appropriate return range to buy this currency pair with the specified loss and profit margins.
El tenkan acaba de pasar el Kijun hacia arriba con buen angulo, el Chikou Span esta por encima al igual que las barras que estan por encima del kumo, lo que indica una entrada en LONG muy buena. La salida es cuando se vuelvan a cruzar el Tenkan y el Kijun(linea verde y blanca)
Bear Flags are a form of Range patterns which are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the...
Monthly PA hard to break 1.7450, Bull still in control to bring the PA towards 1.9150 before the ultimate downfall. Be aware that smaller TF will get lot noise between bull & bear fighting to gain control. Long term target 1.9150 which also fib level 50.0 retracement level Patient is the game Scale in buy side will be good bet.
Bullishness of GBP has potentially come to an end. We can start to look for a reversal as London opens up
Hi, GBP seams to get some hits but probably those last two ideas can produce at least short-term scalps if nothing more than that. Criteria: 1. Middle nr. 1.8500 2. Waves 3. Trendline 4. Fibonacci Golden Ratio 62% and Fibo 50% 5. Previously worked strong price level 6. Channel 7. Different EMA's on higher timeframes, they are a bit higher than the marked area...
PAIR IN FOCUS: GBPAUD ACTION: SHORT This is a bearish trend continuation trade. My bearish bias for GBPAUD from my previous analysis still remains. After price has reached and bounced up from my TP 1, it looks set to continue its bearish momentum to the lower bound of the long-term rising channel (TP Zone). Looking for a retrace into Fibonacci Retracement and...
GBPAUD - H4 wait for break trendline retest and signal SELL below MA + daily resistance => SELL at 1.816 (after break trendline and retest) TP: 1.79
I drew trend lines on the daily (trending up). Noticed price was fairly low and had a buy limit set, right at the bottom of where the wicks are before bouncing up and taking off. Because it sky rocketed fairly quickly, I would probably look for a buy entry close to the bottom of the candle. Possibly this week/Friday. But may have to wait until next week. I have a...
BUY LIMIT - Pending Order BUYING GBP/AUD Entry: 1.8110 Target 1: 1.8210(100+ pips) SL: 1.8035 (75- pips)
D1 - 3 higher highs, higher lows structure, currently it looks like a retrace is happening. Price is nearing the uptrend line, bullish hidden divergence. H4 - Price has reached a critical zone formed by the fibo level of the cycle and the daily uptrend line, potential bullish divergence. H1 - Potential bullish divergence, until this critical zone holds we may...