FX:AUDCAD - A lot of Canadian Dollar pairs are in very interesting areas for sells, which is always nice to see that confluences across the board. Rejecting the 78% fib, -27% lining up well with our monthly level. Seeing signs of a liquidity grab at the moment, looking very nice!
Coming to Analysis of GBPUSD , here are a few points to be considered :
--Price Has broken out of the channel and we have a clear "break and retest" .
--Price has broken a 4Hr structure and retested the low .
--Currently I am looking for a nice move to the downside .
--The Targets have been defined over Critical Demand/ Supply zone to ensure...
Holding shorts as a hedge to look to take longs soon with zero risks.
Lining up that fibonacci with the trendline, maybe we could see some sort of manipulation below the trendline, before looking to have a push to the upside! Holding my shorts allow me to now take longs with ZERO risks!
Coming to Analysis of GOLD , here are a few points to be considered :
--Price Has broken out of the accumulation zone .
--Price has rejected the zone formed at 62% fib .
--Currently I am looking for a nice move to the upside .
--The Targets have been defined over Critical Demand/ Supply zone to ensure accuracy over the targets.
COMMENTS ARE WELCOME >.
Price is breaking out of this very corrective structure after having that big push up. I will be now playing this up to the highs of 0.9300
Around here I think we could have some big swing sell opportunities!
Good morning everyone! Hope you've had a great week trading. We have seen the price come up and touch the round number level of 1.29500. From here we could short back down to 1.9200 giving us a 50 pip return. Buyers and sellers are neck and neck, these types of trade should hit the targets within 1-2 hours. If we still have a position open after this, we should...
Morning everyone, after yesterdays rally in GBP we have seen a 100+ pip drop from yesterdays high, as this looks to be a midweek reversal to go long yesterday. There is a high probability of a 40 pip buy from the shown level. 20 pip sl RR 1:2