GBP/AUD already give us a short. if we look at the 1H timeframe broke our trendline came a little up and now trending down again. If we look at theh timeframe we see it will short again I call it wave 2 till the green horizontal line
Price broke our trendline made a little retest if we look at lower timeframes so im seeing price reaching our next level around 19.45
XAU/USD we are looking at a signature trade set up in my opinion. Price will go down to the blue zone and then should it go up. But lets see price first targeting our blue zone for then looking for the longs.
AS we can see on the 15m chart price been ranging in the green zone. I see a possibility of price going upwards. I see marketmakers create a stophunt do enduce sellers and then continue upwards. Also we have to look at the news base there is coming the forward looks positive so i think this will help to push price up.
Price is stuck in the 15m timeframe in consolidation but if you look good we see an uptrend. Marketmakers will try to induce sellers creating a W formation to then continue its long position.
As we can see price is stuck in a little consodilation but i think pirce will make a stophunt do induce sellers creating a W formation for then continue its overal trend moving upwards.
As we see we are clear in a downtrend. Price is now on the 15m candle on its resistance of the trendline. We should keep an eye what price will do with the opening of the markets and then enter our short position. Im for sure some other people been riding the short for a while so we could catch the next short run. Im still learning each day in the markets. So...