I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you.
It appears that GBPAUD reacted on the Weekly S and triggered some buy orders sitting near by 2.02 levels. This was also a previous level of support from the start of this year. Generally I would...
Hi All, I wanted to share this potential setup, we are looking at a neutral position entries in both ways.
Orange Bat Pattern - Entries have been brought just below 88.6% to ensure we get filled.
Blue Cypher Pattern - Entries have been placed at 78.6% - as we know the win ratio for the Cypher pattern is very good and we rarely see an exact 1:1 risk reward for...
Decreasing growth in the Chinese economy, means lower demand for Australia's iron ore and coal (of which prices are declining), therefore Australia is experiencing over supply issues and a surplus in output capacity. Unemployment is rising, and recent monetary policy is dovish. All these factors point to this pair being very bullish.
The GBP/AUD pair has endured a powerful bear market since 2001, however, many correlating indicators are suggesting that we may be close approaching a confirmed pivotal change in the dominant trend.
Our first major indicator was the cross of the 50/200 Exponential Moving Averages which occurred in January of 2014. The last time these indicators crossed...
