Plan : wait for prices to bounce off horizontal / trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
GA looking very good. We do have pound news tomorrow so we have to keep that in mind. I would like for us to see a nice push to the upside then some clean rejections. We need to sit on our hands now with this pair and remain patient.
Plan : wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do,...
Still waiting for GBPAUD to come a bit lower before I think about taking a trade. Seeing both Pound and Aussy strength so GA is showing some indecision and is going a bit sideways for the time being.
As always if I see any change in the market I will let you know!
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, horizontal line. The Confirmative Line of Chikou Span has crossed the price chart from below, the cloud is currently descending. This instrument has entered the cloud. The cloud border serves as the closest support level (1.8884) and the closest resistance level (1.8961)
On the daily chart...
This is the most dynamic pair. We do have resistance level on 1.8900 and support on 1.8800.
We do have possible formation TL4C but I ma not sure this is going to work, I do have short position 1.8857 and target to 1.8857.
TL4 is the short signal and TL3 is long signal will very strong Momentum Candle.
We do have also trend line on JP Spectrum that...
The MA have shown momentum shift into a bullish push. Price has stayed above the psychological level with a bullish engulfing signalling momentum into a bullish one with a retest to give us a entry to take the market up.
Here we got a possible nice set up where price has created a possible H&S pattern thart right shoulders lines up with the multi daily ressitence area,ascendign weekly TL and 50% fib and all this in confirmed by a 4h structure that has been formed right below this area so if price fails to clsoe above that structure after this retest we might see nice push to the...
Tendency: Downtrend (Bearish)
Structure: Elliott Wave | Breakout
Observation: i. Price presently going through a corrective phase after the 5 sub-waves of the Motive phase.
ii. Expecting price to play three, or a combination of three, sub-waves that make net...
Breaking down GA as it was requested from one of our forex alchemists! You ask and I will deliver!
As you can see in the technical analysis above GA has been a bit tricky. We experienced multiple fake outs to the downside which is expected. This is why you don't just jump into a trade when all you see is a simple break of a trend line. I always say there...