AUD (8 combined pairs) Trendline breakout, LL, S/R retest BEAR
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. RSI- overbought 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.
my idea to take short entry of AUDGBP for 4h time period.
prize is the daily and H4 supply zone. we are expecting more bears to jump into the market and push prize down to the sell side liquidity. prize have already given us a choch on the H1 timeframe.
It's a detailed record of the RBA Reserve Bank Board's most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates; After another sizzling-hot inflation report out of the United States, the European Central Bank and Bank of Japan will meet against the worrisome setting of their...
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 😂😂😂
looking for more downside here in the next few weeks, downside targets .57-.565-.561
If the red line breaks, you can enter the sale with confirmation, 1%, set a loss limit
waiting for the fib retracement in my golden ration to then bring this baby down to the next level
Enter one percent , Enter in 15 minutes with candle confirmation
Daily uptrend Daily demand in control 1H CHoCH 1H LQ created 1H buy entry at 50% demand ...just don't leave Gap tmr
time 5 min Blue color entry price Red color loss limit -SL Green color-TP 1% of the SIZE of the total Balance
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
FRIDAYY!! Keep an eye out for a bullish breakout.Manage your RISK.
I cant really sit here and get into the analysis. I am just finding my style of trading. Lets see if it works.