Titus

Titus

there is 3 possible ways in the main time, although KST is showing sell but candle is telling different story (higher low) and show no sign of weakness in candle. by today price manage to break previous high and closing at the near high from there long position is confirm. However there is a chance for price to rally or sideway as well.

Titus

possible H and S on daily time frame together with KST crossing signal line for buy. potential buy to 152-153.5 or 153.

Titus

Distribution phase is over and mark - down period begin. Daily timeframe shown sign of pullback however short position is still a myth if there is no rejection appear. Daily candle on 29-9-2020 must show sign of rejection down to 1.1700 in order for short position to be place.

Titus

from previous beginning of the year till today August we can we that market is forming accumulation - mark up - re-accumulation - mark up. so for now there's no doubt that market is going distribution phase

Titus

Hit yearly high and rejected on 147 price catching the correction wave

Titus

selfishly I myself is going for buy on this pair due the election for sterling last week but at the fact is on the chart itself there is no where to run

Titus

awaiting for either side to break

Titus

can be double bottom and at the same time it can also break new low. Await next week movement to determine the position

Titus

Prediction of rejection by previous support zone level

Titus

impulse wave has form prediction of motive correction

Titus

same as GBPAUD breakout from support level and pullback to resistance

Titus

clear breakout from support

Titus

short

Titus

decrease of volume

Titus

correction wave is now on the move in H1

Titus

touch down fibo level 0.618 golden ratio awaiting for sign of rejection

Titus

awaiting for the breakout but in the main time long is risky as well as short so all we have to do is wait

Titus

pullback from from last thursday and friday to previous shadow zone.