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.
Weekly: Bullish candle close last week has us looking at further upside movement. Price did fall as far as 1.83400 last week before finishing the week strong and closing above the 1.8500 level, indicating to me that the bulls are in control Daily: Fridays bullish engulfing confirms the creation of a new higher low so we can expect the price to now form a higher...
Apres la cassure franche de la trend line on pourrait allez chercher un TP 1 sur les 1.845796 et un TP2 1.83820
Primary Trade Setup: If the price decides to fall, then we expect the test to return below the previous maximums, since it may be a good area for a price reversal, since the 1 hour trend is bearish. SecondaryTrade Setup: We see a price that has been maintained for a long time respecting this area. If it breaks and makes a good re-entry we enter into a...