New week!
This is a trade within the orderflow. RR is 2.88 - it has broken upside twice, and will look for a return up.
Overall I am looking at a sell though - especially when the buy is complete
Enter at your own discretion, this is just an idea.
As we can see that the market has rejected its major resistance and now falling down. Furthermore market has also rejected its HH trend line which is giving more confirmation of selling pressusre.
G'day Guys
Next let's check GBPAUD,
In long term perspective, am still positive this pair to be downtrend.
In Hourly, perspective am looking for sell which is to complete the short term market cycles.
Let's see what happen next.. Cheers
After about four months of GBPAUD rebound from the last dip of December 2020, GA struggled continuosly with weak price action to gain bullish momentum but was able to pull price up from December lows of 1.7400. GA was quite bullish for a while and technical analysis was indicating bulls could move price into 1.85 highs but this was cut short last week when price...
GA broke out of a bullish channel, and is retesting the trend line. The trend line is also a .618 fib level. With all the confluences, we can expect a good rejection of the level, and a push towards the downside. My first tp would be around 1.75554.
We had and EMA cross at 1.08907 and now the RSI well below the 50 line. Additionally, there's a cross on the MACD with a downward trend likely to continue. ****long play analysis, not for sniping****
Hey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Sell-Order: 1,82750
Stop-Loss: 1,83565
Target 1: 1,81950
Target 2: 1,81530
Target 3: 1,80600
Stop-Loss: 81,5 pips
Risk: 1%
Risk-Reward: 2,66
LEAVE A LIKE AND A COMMENT - I appreciate...
