Bullish momentum with supported at 30EMA. The price is likely to hit at Fib ratio of 1.1618 with ending at wave 5 of a smaller Sub wave of a higher degree iii. We will see whether it will break previous resistance level or not.
The has got extend to wave 3. Wedge pattern is forming on the wave 4 of a downward impulse. The market will likely go down once it crosses the support level of $0.54. Sell entry occurs once the prices pierce the lower channel.
It has completing expanding triangle of wave b of (Y). The price has touched very strong resistance for the buyers who goes long.
My anticipation is the third leg of wave (Y) from where the sell begins.
MACD- Showing divergence.
*not a finacial tips. wave count might be wrong.
Hey Guys, just an trade idea, here is the AUD/GBP on the daily you can see three major rejection candles coming away from Strong coiling resistance. I've also added the hourly chart the show the trend line I am watching doesn't mean I'm going to sell if broken but would like for it to hold.
I'm using Citi mini warrants so this 2.5% target should net 25% gain.
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WAIT FOR BREAK AND RETEST THEN GO IN /SELL ,Looking at it properly we are in a bearish trend and still theres alot of imbalance in the downside the market needs to cover so we wait for a bearish signal in the hourly, lets say a break of struture and a possible retest then we go in BOOM!!!!!!!!!!!!!! YEAH MONEY 😂😂😂
We are expecting AUDGBP Bullish in Monthly TF, If candle continuously close with strong body it will confirm bullish till Monthly Supply 0.6051 and we can safe buy from Monthly Demand 0.5373. If it continuously break the Monthly Supply 0.6051 we can expect that it will hit the main Monthly Supply 0.6730