ValeriuV

ValeriuV

The pair is in Daily correction, H4 downtrend and after the up impulse is now in H1 correction. The question is : it is ready to break the corrective H1 down trend or it will do the same as the previous highlighted example and make a double bottom first. My opinion is that it will make another down move before the up trend starts I will post a smaller time frame...

ValeriuV

Looks like the pair is trying to get to the trend line and possible tha beginning of a next impulse down. That remains to be seen from the type of descend it makes. I will wait for it to breake the H4 up trend first, and then to get on board.

ValeriuV Updated 

It is a bit early but is worth the risk.

ValeriuV

The double bottom and the bullish divergence might suggest a reversal coming into play. The good side of this is that with a relative small risk under the lowest low, could ride a reversal ending up on the 618 retracement, as on the way we don't have enough structure to slow the rally. The bad side is that lately the fundamentals of the nzd does not help us too...

ValeriuV

Looks like gbp/aud reached its full long potential and is about to make a big retracement. I have allready place a short order. Is not the best RRR for the first target but considering the second target potential, I"m weeling to take the risk.

ValeriuV

if it manage to retrace to the designated area I will look to buy in anticipation of the upside breakout. the fundamentals support this , if the BOE decrease the rate as expected, on next wednesday.

ValeriuV

nice 15 min chart ideea

ValeriuV

looks like a shorting opportunity. Bearish divergens on H4, doji on top. Have to be carefully, he just broke the Daily trend.

ValeriuV

I'll expect the market to retrace to structure level.

ValeriuV

I see a bearish divergence on H1 that can be follewed down to 15min time frame. I'll wait for a corection down to first trend line, then a pullback up in 618 fibo retracement. If that plays out as planned I will short the market with a SL just above the 764 fibo.