$EURGBP - Trade idea!
A break to either direction, it might be a choppy week ahead as we dont have too long for the FOMC!
Have a great week ahead,
Trade Journal
$GBPAUD Trade idea!
Weaker GBP expected as AUD increases, gold heading higher - Great trade to take would be GBPAUD - Take the opportunity whilst it last but of course trade your OWN trade plan is very important!
Technically:
Double top, measuring down perfectly towards 50EMA. - If it goes above 1.89 areas then the trade idea is no longer validated....
hi
price is near end of minor down trend bcuz of not LL in M15 and M30 time frame.
price is near start of major up trend in Daily time frame.
price rejected from high 30 days RSI 30 level and its near end of seller level.
price rejected from high resistance 0.7263 price level
A bearish flag pattern is being formed in the consolidation on the 15m time frame, which means it is still continuing the downward trend in the short term.
We saw a break of this range to the upside last week. We have identified long term targets by looking at HTF key levels. Will price continue to rally or retrace to test our previous resistance zone as support before another push to the upside?
Check out our two potential bullish price paths on the analysis.
Any questions - Drop me a DM!
please like and commend if you like the idea.
It can be more bullish before going down so we have to wait for right opportunity.
research before investing action.
USDCAD broke major downtrendline
Price is based on HVN at level 1.2759 which indicates that pair is in accumulation phase
Pair is based above key level at 1.2735
Above SMA 100
It's expected forming bullish Elliot wave 5 to target resistance level at 1.2870
What's up traders,
There is a triple top formed on the 15 minute, i'm waiting for price to fall and hit my entry (1.77118). As you guys know there was a huge gap this week and price has not retraced to the area that it gapped from. With there being a triple top i'm waiting to see if price will reverse and head to the last sessions low which is where I have my t/p...
As seen on the displayed chart, GBPJPY will go up slightly past the price of 139.857 at the 61.8% Fibonacci retracement level ratio, before finally going down. On the other hand, if the price continues to move up past the price of 140.450, it is likely that the price will continue to rise.
EURAUD according to my analysis will go up first touching the 61.8% Fibonacci retracement level of the price 1.63828, before finally going back down again. If it turns out to be moving but crawling up past the price of 1.64196, it is possible that EURAUD will move up.
We can see from the EURAUD chart presented, that on November 25, 2020 the price has hit the 61.8% Fibonacci retracement level (Fib 1) at 1.62128 price.
This is a stock with strong fundamentals. There are a few key things about this one.The true bottom should be the 30 week MA at 4.50 and that would be amazing getting in at that price but... I feel like this stock has held up pretty well in the recent whiplashes in the S&P 500 and more importantly the 30 week moving average is pointing it straight up so I believe...
