We have created a strong supply imbalance at the 2.06 level. When we get a massive move out of a level we know there is large imbalance so we will look for confirmation with candle bodies closing inside the zone (wicks outside ok, expected for hitting stops.) Price action will be extra confirmation, along with 61.8 level.
Waiting again. Using fib to find possible targets. Just an idea. Please like or comment. Thanks
short at 1.9786 ? tp 1.9670 ? what you guys think
Rsi shows a divergence so that the the chart is going short and in a down trend line , so you can go short now Hope your vision be like mine
This Trade was taken due to: 1.Overall Downtrend 2.Price rejecting " Trend Line Resistance" 3.Bullish Trap 4.Inside Bar (4H)
The TopFinder have now reached its burnout-point (100% of cumulative volume or "fuel" used up) and a T.D Price Flip have been generated (TD-Combo 13 Countdown). Price is now expected to pull back to the MIDAS Support Curve (S1) for further gains to the upside as the order-flow of GBP is positive and AUD is negative . The MIDAS TopFinder is not programmed into...
GBP/AUD extends upside after breaking strong trendline resistance at 1.8640. Technical indicators suggest further upside in the pair. RSI strength seen at 54, Stochs and MACD are biased north. We see a bullish crossover of 5-DMA over 10-DMA. Immediate support and resistance are located at 1.1828 (5-DMA) and 0.8850 (March 25th highs). Good to buy dips around...
GBP/AUD pair spiked above 0.91 handle after poor Australia CPI data today raised RBA rate cut bets. Low inflation, on its own, is not a trigger for a rate cut. RBA will likely wait to see a new weaker trend in domestic activity and employment before it would embark on such a strategy. On weekly charts we see major hurdle at 1.9250 levels which is 23.6% Fib of...
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Hello Traders, The markets have been open for a few hours. That gave us enough time to form this bearish Wolfe Wave in GBPAUD. 5' is a potential in this Wolfe Wave. Best, Chartistry
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This pair is very oversold on the 1 hr, 4 hr, daily and weekly, I have added a long position on the bottom of the channel and will take half off at the top of channel and let the other half run as I believe it will break the channel upwards. Trade your own plan! Good Luck :)