We can see that we had a pullback into previous support and the psychological level "0.7100"
Higher highs and lows were formed but recently we have breached the last recent low, sellers should now be present within this bearish trending market.
The GBP/AUD pair is starting to move lower in line with the dominant medium-term downtrend after a positive assessment by the Reserve Bank of Australia (RBA) lessened fears they would devalue the currency.
This Bearish setup was taken after the clear rejection shown on the 1H timeframe of resistance above, taking a clean 1:2 Risk & Reward
This is a very simply setup, we can see that previous resistance has turned into new support, with a Bullish Inside Bar forming on 4H. Potentially we should see buyers take profit at the last high formed which would give a clear 1:1 and
Others maybe aiming for "106.00" as their final take profit
We have seen consistent "LH & Lower Lows" form and our bias still remains bearish, we can see a clear break of the trend line but it is best to wait for a retest, this could easily become a false breakout.
Resistance is set around "0.7700" and support between "0.7500 - 0.74500"
With price creating a small pullback after Fridays bullish move we can see that "Dax" is potentially heading towards previous highs at "10700"
This trade is a simple intraday move and was triggered due to price action, a break and retest creating higher highs and lows.
With This pair consolidating we potential have a setup to go short on the New Zealand Dollar.
We can see clear rejection of resistance at "0.7300" with sellers coming in the market around this area.
Targets are set at "0.7100" and under
Just a quick look at this pair we can see that price reached support at "130.00" creating a bullish 2 bar formation also with a clear bounce. The move on the lower timeframe will show an intraday breakout to the upside with buyers targets at "132.75"
Long term we should see price reach "134.00" unless this is a false break which would make this move invalid.
This pair is clearly in a long-term downtrend last week we seen a 2 bar setup "Daily"
Also we had a bearish pin bar form near to resistance. On the "15min' timeframe we can see price has finally broke out of a minor trend. We could potentially see price move down to previous support at "100.00"
Currently Long on Xau/Usd (Gold) after price came down to a major support zone and trend line.
This trade was executed due to a 2 bar setup & more confirmation was given when a pin bar appeared (1H)
We could potentially see price retest previous highs at "1325.00"
Entry - "1310.00"
Target - "1320 0.00"
Last week we seen this pair decline following an inside bar pattern, this formed around resistance at "1.3400.
We could see price move lower after we broke out of mid term uptrend, yesterday we seen this pair trade near daily lows after the BOE (Bank of England) kept key interest rates flat at 0.25%. some traders maybe trying to get long as this maybe a deep...
With price currently at Support/Resistance "0.7275 - 0.7300' and potentially a bearish pin bar forming 'Daily" we could see price break out of this area creating new lows.
To confirm this move i would like to see a retest and relevant price action as a signal to eventually execute a sell order.