GBPJPY is following a small 4H channel in a big 1D channel
A possible path of it is shown in the analysis
it could break the channel and go with the bullish trend
or it will follow the channel
We are getting three confirmation here in EURUSD to short a position.
1. Head and Shoulder Pattern
2. Resistance and Support level
3. Trendline Break + Retest FX:EURUSD
I will go LONG on AUDUSD because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 0.76966
Target -...
I will buy GBUSD because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
If it breaks the support line then look at shorting.
Entry : 1.34848
Target : 1.36251
Stop loss : 1.34540
I will buy AUDUSD because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 0.75318
Target : 0.7572
Stop loss : 0.752
will go SHORT on AUDUSD because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the resistance.
5) Target would be the Support area . Book profit when it reaches the support zone .
ENTRY : 0.71610
FIRST TARGET : 0.71373
STOP LOSS : 0.71633
I will go LONG on AUDUSD because:
1) The price is under Support/Resistance zone.
2) It has touched the support and may reach the resistance zone .
3) Target would be the Resistance area . Book profit when it reaches the resistance zone .
4) The price is also forming a Chanel or Rectangle Pattern .
I will go LONG on AUDUSD because:
1) The price is under Support/Resistance zone.
2) It has touched the support and may reach the resistance zone .
3) Target would be the Resistance area . Book profit when it reaches the resistance zone .
4) The price is also forming a Chanel or Rectangle Pattern .
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his...
