EURAUD made a short bullish run before forming a sidewards structure. Inside this structure is a head and shoulder pattern that is forming nicely.
Short trades are on the lookout as price is dropping our support line, we shall wait for price action to confirm our trade.
Specifically looking for a breakout and a continuation of our downtrend from the shoulder...
GBP/CAD -- heavy manipulation to the upside, wiping out many traders at 1.76400 and 1.77380!
Patience and timing were key to avoid heavy losses.
Our team were in at 1.75837 but with stops carefully placed at key levels which kept our position in the market while other traders faced heavy losses.
Target 1 +160 points.
Target 2 +320 points.
Target 3 +480...
Simple continuation of the h4 bullish structure. After respecting a sig level @76.33 we can see a profit take occur which has caused a short term snap back to our potential entry price @75.60 we will asses price action at this price and anticipate buying pressure being added on the basis of the ascending trend level being re tested this will give us confidence in...
AudUsd, Elliot wave triangle, Monday while bank holiday in USA Aussi Dollar was consolidationg earlier london session just around 0.71500 and as Dxy getting back strength and china usd deal is in progress, this pair has chance to break 0.71000 level.
My thoughts on two alternate ideas:
IDEA 1 - If it breaks the support zone and the trendline it would go lower to the next zone which is either at the 38.2% or around the 61.8% on fibs (that's more long term those levels as I did the fibs a bit wider, however even if I did a smaller fibs the zones I drew out will still be around key levels).
IDEA 2. If it...
Hey all im new but been noticing this keep comming up andthought i would share could be a criticl point at the
apex ??Around the 16th matbe.Just wanted to put this out there i've added some text to the chart to explain
better if you want to buy me a cuppa tea if it pans out my adresss is below.
New trader learning and looking for patterns.Lets see what happens at...