GBP/AUD Currency Pair Pulled Back To Pivot Point and Trend Line. Enter Long Position on H1 and H4 Time Frame.
Closed Trade at Price Level 1.452. Wait for another pullback to the Pivot Point + Trend Line in an uptrend.
Expect Price To Increase 85.3 Pips within 48 hours.
XAUUSD is expected to decrease 13.58 units.
Enter short position for Crude Oil.
Expect USD/CAD to move 149.6 Pips. Enter long position.
Australian Dollar / U. S. Dollar Target Price 0.65639 ; Enter short position ; Expect price to move 117.9 Pips ;
Enter a short position. Expecting EUR/USD to move 312.3 Pips.
The 2H time frame horizontal support and resistance levels.
The 1H time frame horizontal support and resistance levels.
The 4H time frame horizontal support and resistance levels.
The daily time frame horizontal support and resistance levels.
P (1.757); Channel Support; RR = 3.57 RR = 4.95
Update on the January 3rd, 2023 GBPCAD Trade Idea. Where am I exiting this previous long trade idea? When price reaches the larger parallel channel resistance level, then I will exit the trade. Next, I will wait for a short trade opportunity. I will have to wait and see what opportunities that the market will present.
Continue to watch for short opportunities with USDCAD.
As long as AUDCAD is inside the recent parallel channel, AUDCAD market is bullish.
For Trend Line Breaks, Wait For Time and Space To Occur. In this example, the trend line was broken on August 3rd, 2022 at 15:00. After the break, the Pullback Trader would wait till price retraces back to the broken trend line for an entry. Price retraced back to the trend line on August 11th, 2022 at 19:00. The Trader would have placed their entry at that...