Looking for a long once price returns to the golden box. Although the market structure in the weekly and daily time-frames shows us a loss of momentum for the bulls in recent weeks the overall bias on this pair is still bullish when taking fundamentals in to account which suggest further growth for the pound as markets continue to react positively to movements...
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As per Cypher rules, Leg BC should reach at least 127.2% = 1.7550 but the candle should not close below point C. So the area between 1.7550 and point C could be treated as zone from where we could head higher to Leg D, which is a potential reversal zone. The RSI is oversold as well.
She's a bull with triangle wings :) Buy @ 2.0100 SL @ 1.9900 TP @ 2.0300
The 4/20 low for the pair marked the beginning of an impressive rally which has no signs of waning. Smashing through resistance areas is the mark of this pair, but more severe resistance is approaching. The 2/16-2/19 swing that marked the start of the selloff before the bottom is getting closer. If price resistance in the 2.0175 area (assuming price goes there)...
Ita been a while since I put out my last Idea but here is a very nice setup on GBP/AUD. A Nice pinching HPF pattern with a very nice R/R, about 8/1 depending on how aggressive or conservative you are on your Stop Loss. Stop Loss needs to be at least below L2.
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...
Targets are clear in the chart. Good Luck!
Oversold+ near the buy zone @ 23.6 fib ratio+above the falling wedge channel Buy @ 2.0845 SL @ 2.0645 TP 1 @ 2.0942 TP 2 @ 2.0992 TP 3 @ 2.1055 (overbought)
short gbp/aud at the 61.8 retracement zone on the daily chart, on the H1 chart we have RSI and MACD divergence, the candle pattern is not formed yet
Well it looks to me we are in a bull flag or swing trade in h1..... BUY @ 2.1020 SL @ 2.0900 SL 2 @ 2.0800 (if you want to be more careful) TP 1 @ 2.1170 TP 2 @ 2.1300
Buy @ 2.1216 SL @.21000 TP @ 2.14000 Pattern type: Bull flag