-50EMA daily rejection
-Multiple fibonacci confirmation
-Possible supply demand zone in the grey box
Have a great week! Don't forget the risk management!!
June 17. 2019.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
DACAPITALTRADING V2.0:
WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS
FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY!
-
1 HOUR
Strong bullish price action and overbought market
4 HOUR
Too many emotions in play, too strong price. We need a pullback!
DAILY
Breakout is way to clear, there will be a pullback for...
GBPAUD IS CURRENTLY CONSOLIDATING AROUND THE 50.0% FIB LEVEL
WILL BE LOOKING OUT FOR A BULLISH ENGULFING CANDLE THEN A RETEST TO BUY.
IF THIS COMPLETES, GBPAUD WILL BE GOING ON ITS 5TH WAVE.
THE RED ZONE IS A VERY IMPORTANT ZONE TO LOOK OUT FOR
BE CAREFUL WITH YOU TAKE PROFITS
ON THE LARGER TIMEFRAME, GBPAUD MADE A SHIFT IN MOMENTUM FROM A CHANNEL
PRICE HAS BEEN KIND OF CONSOLIDATING
LOOK OUT FOR THESE ZONES FOR A BUY ON GBPAUD
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
potential long setup on pound aussie.
on a weekly chart the market is approaching a strong support level.
on a daily we see a classic inside bar formation.
I will be waiting for a close above the mother candle to open a long position.
Initial target - 1.850
Second target - 1.885
Stop - 1.807
Hi there,
This is a short term buy setup during RBA rate decision.
How you can trade on this chart.
1. Buy the breakout only
In case price breakdown sharply then let the price forms correction and then look for sell.
Good Luck
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity super cycle and a decline in China’s growth.
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