Look to sell at the 2 point and 4 point into structure on the 15 min chart. Also wait for good 1 hour CLOSURE candles to confirm
All explained in the chart. Price action analysis with support and resistance.
We have seen a quite nice jump in GBPAUD in previous week, but it may be just an impulse. As, we can see that the trend line is still holding and may continue the downtrend. So, we are still bearish on GBPAUD pair and if we take a short here then we can take profit at 1.9000 and TP 2 will be at Support 1.8600. So, don't take a long position for now. So, be...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (69.25). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.067). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6234). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDCHF is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.0531). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
CONFIRMATIONS: 1. Hit fib 50-61% 2. break trendline/ retest 3. 21/8 crossover 4. forming H&S 5. RSI Divergence 1h/4h
Confirmations that we have: 1. Rising wedge break/Retest 2.RSI Divergence 1h/4h 3. 21/8 crossover 4. double top break/retest 5. Hit Fib 50-61%