Bearish Cypher completion at structural resistance at around 1.51000 handle. Also the inversely co-related pair EurGbp has bullish Shark & AB=CD pattern completion which suggest its bullish move is up coming, hence shorting this will not be wrong idea.
Perfect harmonic AB=CD completion @ 0.7150 handle which also coincides with bearish harmonic Shark pattern completion. All pattern completion is supported by structure.
Possibly could be HnS formation developing ?...on a Weekly Chart. If it proves to be true, then 2.0000 should gravitate the price line.
In my opinion bears are trapped in momentum breakout. But the big boys are looking to take it higher. This bear trap is valid till the low @ 1833 is taken out completely. Expected price movements are blue (80% probable) & red (60% probable).
Bitcoin price currently being traded into supply zone @ daily time frame # level 280.XX. Till price is at this supply block, looking for short is not wrong strategy. =)
As per Supply & Demand analysis, this pair is yet some way to go to south. The bias on this pair remains bearish & keeping that in mind I will search for short entries only (in long time frames). Any pull back towards the current supply zone should be shorted. The price I have selected in supply zone for shorting is 1.70000 since its a BRN.
Price has broken the rising trend line & structural support @ 1.55XX level. The pair looks super bearish , any pull back towards the @ 1.55XX handle need to be sold off. The plan for entry is retest of level # 1.5500 (ROUND NO.) with stops 50 pips above it. It should be sufficient if the price need to be resisted at this level. If price breaks above it, its safe...
Formation of Bearish Bat is seen at structural resistance level @ 187.XX. If grounds are clear we can anticipate strength in JPY pairs.
Another Gartley in formation, this time the bearish one. The termination of this pattern also takes place at structural resistance @ 123.XX.
Bullish Gartley complete at around structural support @ 0.66XX level. Keep in mind that if you are looking to trade the currency on relative strength, then AUD is going to be stronger than NZD IMO. I m trading Nzd instead of Aud simply because I have reason to get involved in market & termination of the same reason I can get out. =)
Price is inside bearish channel & break above this channel will provide upside attack of structures @ 1.08XX & 1.12XX. Also alternate scenario is price breaking down again to re-test lower TL of channel. To know why I m looking for bullish move, click link with title AudNzd - Long term trade . Chart is self explanatory, ask more if you need help to understand the...