What I see in this chart is quite interesting price bouncing nicely in nice bullish channel in weekly TF price touched resistance trend line which lets us to think about bearish signal as you can see price in playing around this area with some bearish pin bars with long bearish shadows, sellers getting stronger in this area, there is two possibility 1. price...
GBPAUD
Going a bit sideways now. Really close to the outer trend line. I believe we can easily push down an reject off that. Nothing really for us yet.
Will GBPAUD go up today (Pacific time)?
Signs of GBPAUD going up
- wicks from below
- an inverted head and shoulder in the making
- now in 618 area
- weakening GOLD
Buy Signal: Wait for the RSI to pass 50 at 1 hour
HI, TRADERS
MY NAME IS KD
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GBPAUD bounced off 1.99336 where it could potentially rise further to 2.05737.
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Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPAUD
GBPAUD is still stuck in consolidation. I believe we're going to be seeing some very move moves soon. We have to be extra cautious because we could see fake outs, but right now nothing for us yet. Like I said GA is just stuck in consolidation right now and we need to let it play out! Patience will be absolutely key!
GBPAUD
retesting 2.000 as previously anticipated in my last market breakdown. You have to make sure you respect these whole even numbers. 2.000 is a strong psychological key level that GBPAUD has been floating around for some time. Looking bullish for now but no trades for us just yet. GBPAUD is at a make it or break it level we need to sustain above 2.000 or...
GBPAUD
GBPAUD is pushing down a bit, but I’m not fully convinced we’re heading to the downside just yet. You have to keep in mind that 2.000 is a strong psychological key level that we have been floating around for some time. I believe that we will see a few more rejections off 2.000 before heading lower. I’m also not weighing out the possibility that we could...
