Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity AUDUSD
I still did my best and this is the most likely count for me at the moment.
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The recent price movement aligns perfectly with my previous analysis. The market is currently progressing towards the key resistance level. The price managed to break out of a descending channel after forming a double bottom at the support level. I believe there is a possibility of gold retracing from the resistance zone and the upward trendline, given that we...
Green: Daily range
blue: weekly range
yellow: monthly range
Based on my analysis and personal strategy, all time frames scream for more downside to come into play. I already made a great short trade on this early in the week, and I think more short opportunities are presenting themselves.
The pair is already in a strong downtrend on higher time frames. We are expecting further weakness which is signalled by the breakout of the rising wedge pattern. We can also see the formation of a new low and a breakout of a key level which further supports our directional basis.
EURAUD potentially continue the previous move to go lower after breaking the support trendline.
We are expecting the EURAUD to retest in the trendline and that will be our opportunity to open sell position.
SELL LIMIT 1.657
SL 1.6635
TP 1.644
TP Max 1.633
Happy Profit!
Good luck!
Share your idea in the comment section of this pair and let's debate
Good Week, Michel_FRX
DISCLAIMER:
1. Be aware this is not financial advice so trade carefully and have stop loss for sure
2. Past performance is not indicative of future results.
USDCAD is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
Share your idea in the comment section of this pair and let's debate
Good Week, Michel_FRX
DISCLAIMER:
1. Be aware this is not financial advice so trade carefully and have stop loss for sure
2. Past performance is not indicative of future results.
So usdjpy come to the neckline which it has accept it am going to take this sell couse of that respect on it and the structure formed my entry point 148.864 TP 147.502 AND STOPLOSS 149.194
Is CFXUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1400 followed by 0.1200.
What you guys think of it?
GBPJPY accept my idea, I did not place anystoploss but i just say if it goes all the way to 50 points am going to exit the trade. Big profit was been made on the idea lot size entry was 0.01 quick start on it.
After the move down from the 4h FVG yesterday I'm expecting GU to continue the momentum to the downside, I highly recommend to wait for a retracement into the inversing FVG and waiting for some confirmations in the lower time frames to take the liquidity at 1.2060 and further more from a long term persepective
Hey there traders,
After last week market shows us nice pattern of selling pressure. Let's see
##Daily
Market broke the strong support zone...
and made retest and shows us a nice rejection candle at the previous support zone.
Bias = Down
##Hourly
Market shows us a nice support zone....
trying to break that zone several times.....but did not
In...
