Hi
BXY is bullish, but it's not clear how bullish because it is within a bearish zone.
The candle structure upon the 0.5 Fib has support from 135.39, but it seems weak.
-The 136.84 is the nearest target for BXY.
Happy Trading...
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being...
After Creating W on the Weekly Order Block, there are some up coming long trades to be taken through Order Flow plus BTMM
One is a reversal off the H1 Bullish Order Block(turquoise) which is highly possible as that's an Immediate 4 hr ID50
The Other is a reversal off the H4 Bullish OB(Blue),Also an ID50 but would have trapped for lower liquidity targets then leave
Previous Monthly Candle was a huge Bearish move. Not expecting for price to shoot up.
Expecting more of a price continuation.
Daily Fib currently around 23.6%
4H Showing resistance and Sell candles forming.
If Pound drops it will go hand in hand with GBPJPY Analysis. See related Ideas
I've been observing the GBP index.... It's quite interesting as it has been flowing in line with d channel... It's down the Support channel of which we are mainly looking for the GBP on a Bullish perspective for the long run on...
This is only a trade idea as we don't just take this.. we have our rules for entering nmand exiting... Simply follow your own rules...
I look trend GBP very strong at time frame H1, H4.
However GBP still same condition with covid-19 like other country, the first lockdown at there and AUD. Until now AUD not yet significant growth up.
