Cuurently on the 4hr time frame the GBPAUD has broken out of a Bearish rising wedge at the top of an up trend. Will expect to retest resistance before dipping towards previous support. Watching 4hr chart with Fibonacci for a possible entry to short
Now that we have a successful auction, 2nd level of liquidity has been tapped on, we might return the origin of the move, before we rally up once more Find more explanation on the link attached below
Regular rhombus formed. Price has finally broken out of the first triangle. I do expect a retest of the counter trendline which coincides with retest of the broken ema low and a push to the downside.
Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly'...
Hello everyone, if you like the idea, do not forget to support with a like and follow. The following confluences have been observed and satisfied with the direction of market. Our trading plan is to bid at better price and hoping the market pick up our bid and move further with trend. W1/M144 (T.Cont.PB.AClim) 1. (W1)(Y)(MUST) AutoClimate confirmed (Curr:10 /...
Looking at Pound Aussie, from the higher time frame (Daily TF), an expanding formation seemed to be forming, and drilling down to the lower time frames till you get to the hourly time frame, an ascending channel approaching an area of value within the price range of 1.8700 to 1.8730 seems to be a good area to go short if price permits it; and exiting at 1.8300...
Reasons for bias: Bullish stochastic uptrend flip of structure elevating trendline touch EMA proximity and likely bounce
We might finally see this pair drop as well. As you can see, there is a doji candle in the 4hr candle exactly below the resistance. This could be a turning point for GBPAUD. As long as price hold below 1.8650, we could see GBPAUD going down for a correction. I will try selling this pair once again. Sell GBPAUD 1.8630 Stop loss 1.8700 Take profit 1.8420...
Simple 3 candle formation at last weeks high, with signs of failure to break any higher.
GA SHORT , on the edge of fib channel, waiting for rejection and then going short
in this chart i think price arrive to uper cannel level and its going to lower cannal level coming soon...
Weak break at resistance with strong sell expect sell for next couple days