Apollocreed

Apollocreed

At the moment we can see price continue to rally to possibly 2.0. I have the weekly fib short lining up with the daily long take profit around the 2.0 area. In addition there is lots of sellers exhaustion at this area which gives more confluence as to why to take a short position. My overall take profit is 1.9200. FX_IDC:GBPNZD

05:27

Apollocreed

FX:GBPAUD Overall price is very bullish, and I expect price to make a big push to the upside. In my video I explain what areas are to be considered and why.

Apollocreed

The daily trend line marked off in red has been respected many times and I have two possible outcomes for what price can do. The first option, which is the most likely, is a bounce off the trend line. This trend line has been respected many times and is even showing exhaustion such as H4. Although, EU is in a minor uptrend , if price on lower time frames such...

Apollocreed Updated 

As of right now UJ is in a minor uptrend and its is quite possible that it will respect the exhaustion area around 107.70 to then bounce off the trend line . After this price can be expected to go up to 108.20 area based off of Fibonacci projections (-27 percent). Around 108.20 a lower high has been formed on daily and on lower time frames this area showed...

Apollocreed

Price action has broken a critical support (highlighted in green) in which price has always rallied from previously. In addition, the daily candle closed over this support confirming the break and its validation. What is to be expecting is a lot of sellers on the overhead side which could possibly lead to lots of exhaustion. If this happens and lower time frames...