GBPAUD LONG BIAS REASONS: -THIS MONTHS CANDLESTICK IS BULLISH CURRENTLY -Monthly Timeframe is still in an uptrend -Weekly Timeframe is bullsih - Daily Timeframe is bullish - Lower Timeframes are correlates with higher timeframes -PRICE RETRACED AT 78.6% and previous bullish candle closed at 38.2% Comment and lets unpack this together ! My Purpose: I am...
REASONS: -Monthly , Weekly & Daily candlesticks all are Bullish currently -LOWER TIMEFRAME Correlates with Higher Timeframes. -ON the 1HR Timeframe price retraced to 61.8% and a bullish candlestick closed at 38.2% , meaning there are more buyers in the market currently My Purpose: I am executing projections and trades that create generational wealth for...
AUDJPY SHORT REASONS: -Monthly & Weekly Timeframe Bearish -ON DAILY TIMEFRAME Price Retraced to 61.8% and Bearish Candlestick closed on 38.2% -LOWER TIMEFRAME Correlates with Higher Timeframes. My Purpose: I am executing projections and trades that create generational wealth for myself and others. Sidenote: Learning & Applying PRICE ACTION is key....
Higher Timeframe confirmation 38.2 retrace level on the 4 hour chart. 4 to 1 reward risk ratio Its a go
GBPUSD Short projection. Based on higher timeframesn showing more sellers in the market and buyers exhaustion on lower time frames
This my bias for AUD/USD and my target price for take profit. Target was reached to a T.
Wave Cycles for MT4 Identifies cycles derived from every major high and low and automatically paints them on the chart for you. The ANGLE of the cycle gives you a roadmap into the future as to what type of move one can expect. The steeper the angle the greater the tendency for a market to rally/decline rapidly.
Broken structure to the upside on 4hr timeframe... retest to the 38.2 Fibonacci price reversal zone level... nice sellers exhaustion wicks forming on the 4hr with a nice bullish engulfing candle forming
On the 1 hour timeframe, UJ broke structure, on the higher timeframe UJ is sitting on the 38.2 PRZ fib level. also has a head and shoulders pattern, with exhaustion forming on smaller time frames. just waiting for a slight retest and an entry down to the 111.600 area
USDJPY has been an interesting pair to watch this year and here is another opportunity to take advantage of the volatility of this pair. I will just be going into the technicals for this trade. If you want fundamental information visit www.investing.com they have great fundamentals with great breakdowns. TECHNICALS - The Market on Friday's close was on the level...
GBPUSD Broke monthly resistance, retested it, constant HHs,HLs, MAs are open. Our target is weekly resistance 1.3450. Safe SL is a little under 38.20% fib, which is also the tl.
Bullish structure broke, MAs crossed over, tl broken, and under monthly resistance 88.00. First target is 38.20% fib level, 86.30.
Although GBPJPY seems very bearish, Price is staying above weekly support and respecting TL. MAs are crossing over. (Risky trade)
HH/HLS, MAs open, Euro could possible come to Monthly Support 1.1773, or 38.20% fib, before shooting up.
GBPAUD should retest CTL before it continues it's downward trend. Monthly Resistance should hold.
USDCAD will continue it's downward journey till Monthly supply 1.2245 zone. UC re-tested daily resistance and, now we could see it fall.
MAS open, gold has potential to reach back into 1300/oz zone and take out the price. (HH/HLS)
Weekly bearish, USDCAD has been super bearish, MA's crossed over, (open), UC will try to break its previous lows on weekly, potential target for now is monthly support 1.2245 zone. Analyze bigger picture.