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GBPAUD is in a downtrend, looking for a sell opportunityGBPAUD is in a downtrend on daily & 1 Hr, as you can see there are two sell zones and one of them holds a golden zone of Fibonacci 50%. So I would expect the price to come to the 50% and wait for bearish price action signal to confirm my sell call. Profit target will be the next support level. Keep an eye on this one. Lets see what happens. I am not a financial advisor and my analysis are just for entertainment or educational purposes, I don't recommend any of my trades. Please use a stop loss and do a favour on yourself by not blowing up your trading account & your hard earned money for which you have grinded your ass off!! Lol
Short
by Jass_Mankoo
GBP/NOK is in a downtrend, looking for sell opportunityGBP/NOK was ranging earlier, then went up and shot down creating a lower low & lower high, is in a downtrend right now on both daily & 1 hr chart. As you can see there are three sell zones marked. Price can test any zone, I can't say which one. If I see a bearish price action signal on the third zone from top, then I might take a sell call. This is just for educational purposes, I am not a financial advisor, Control your risk and save your account from blowing up
Short
by Jass_Mankoo
WTI recovers with slowing down of Corona Virus spread +ve USOILUSOIL is recovering, or at least has stopped going further down. Currently consolidating in a $3 range B/W 49.40 - 52.30 in last couple week (check Magenta rectangle). Currently trading at 59.02 (19.30 pm GMT+5.30) which also happen to be a strong resistance from the current level. If it breaks the asset will go into a buffer zone as we can see a DOUBLE BOTTOM is forming. and crosses above 52.22 level it will certainly have good prospects for an excellent rally, hence good buying opportunity. Corona updates: Deaths Hit 1,115; Data Signal Spread May Be Easing: Virus Update‼️ New cases slowing own yet posses a great threat - WHO Important factors and Commentary: > China death toll at 1,113, up by 97 > Confirmed China cases at 44,653, up 2,015 > Turned Away on Virus Fear, Cruise Ship Risks Running Low on Food > China’s Cities Lock Up Residents to Prevent Spread of Virus (data Via Investing.com) “In particular, we are closely monitoring the emergence of the corona virus, which could lead to disruptions in China that spill over to the rest of the global economy,” Powell said in remarks before U.S. lawmakers. Critical levels - Resistance Zone - 50.55 - 51.05 Possible entry Trigger - 52.26 - 52.46
TVC:USOILLong
by TREND-KEY
GBP NZDGBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further, though the targets of the Pattern come way above our Resistance Zone, its better to book them at the Resistance Zone itself as the same are in confluence with 0.618 Fibo Retracement
Long
by Akshath1994