GBPAUD possible sell, 1.8710 area is a prime entry point. shoot!!
Primary Trade Setup: Probably if the price reaches a fall of 61% follows its downward trend. But we will not assume anything. As always, we will wait for a new test in the areas marked below the previous maximums and backups. Always below. Currently it is 31%, the only way you would enter is if you return to perform a test below that great low you did...
This is a simple break and retest trade. - We have a 4hr candle close above the resistance zone . - Wait for a pullback and a retest of this zone. - Wait for a rejection on the 1 hour or 30 min chart. - Wait for price confirmation either an engulfing bar or pinbar . - Buy Let me know your thoughts on this one! Thanks
This a new methodology derived from the old. It is designed to provide high probability trades set-ups with good to Great RRR on a daily basis (as opposed to 1-3 such trades per week). Since it is on a 15-minute chart and there is a 15 minute delay for posting here on Tradeview, there may be timing issues. I will do my best to post so everybody can take...
Anticipating a trend continuation downwards for GBPAUD as MACD crosses to confirm
Right now on the lower TF we have emas crosing over We already tested the higher TF trend Failed to make lower lows 2nd leg also failing to make lower lows price at support On this set up we are making a bigger W with the final leg of this one also a W, matches my criteria, failed to make lower lows, emas crosing over and we are at an important price zone I...
Price forming a potential head on shoulders reversal pattern after being range bound for some time. Uptrend is stalling & the ascending trendline is weakening as price has rejected it multiple times. Will wait for a break of the trendline & structure below to confirm reversal where a downtrend can then occur.
Currently looking at pricing bouncing off 1.85 with potential target at around 1.8725
Don't sell in that zone. Buy with positive price action (conditional).
H4: - Tendency: Sideways - Candle: Strong bearish - Below resistance => Sell
Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. The first rule of thumb to recognize a swing high on the MACD...
In this video update, we take a look at GBPAUD as price continues to consolidate at the key resistance zone. The 4hr timeframe has formed a lower low and price could be forming a downtrend on this timeframe. A break below the current lows will confirm the bears are in control and that further downside is more likely to the 0.7300 demand zone.