I do not have a setup or an entry but overall hypothesis is short.
Here is why;
- The monthly is bearish since it has formed a lower low setup.
- The monthly also broke a supportive handle at 1.89500. Using the fib, we know that overall targets are at 1.8565.
- No weekly bias
- Price on the daily and 4h timeframe is looking for a region where it will collect...
Today's daily candle closed slightly above yesterday's high while maintaining RSI divergence. With that said, I do believe we may see a bounce from these lows.
Trade Idea: Stops below yesterday's low with targets around the 50-61.8% retracement area of this most recent bearish leg.
Dear Traders,
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GBPAUD the first entry that we took, it dropped successfully 560+ pips from our entry, though as price drop it leave behind LQ Void(gaps) in the market which is where will likely to be headed in coming days. Please wait for price to do some correction and then enter using small timeframe...
Since JAN 2023 GPBAUD in monthly interval has been bullish taking price from respectively 1.61378 to monthly candle close of 1.699694 rising to 1.951938 which I'm considering as a upswing from recent LH ( Lower high ) 2.012610 . Recent data shows previous Monthly candle close Bearish engulfing candle stick in a upswing favouring the decision of a Long...
I see the price is making a support here on weekly support. Would like to see a break of resistance and downtrend trendline to help confirm holding the buy position.
This Is An Educational + Analytic Content That Will show entry ideas for trades.
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The...
Hey everyone,
FX:GBPAUD when we look at GBPAUD we have identify that GBPAUD is likely to drop price have rejected at the strong area on 3D timeframe, if we look deeper price have been in consolidation phase since last few weeks. One reason could be that institutional traders are waiting for NFP data to be published. Two areas for entries, firstly price can...
Hello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a...
Taking a look at the daily timeframe, price-action is currently supported by the Natural Consistency Flow. At the same time we also have divergence with RSI hinting at a potential short-term bottom.
Personally I need to see price-action now make a daily higher high (closing above the last candle). Once we get that third confirmation, I would be inclined to going...
The price perfectly fulfilled my last idea. The market fell from its resistance zone and hit target. The price broke through the support level and updated its lows after breaking out of the support level at 1.88000. It pulled back to the level and upward trendline. I think the market might go down to test support because the trend is bearish and the resistance...
GBP/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target.
Entry: 1.87880
Why we like it:
There is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 1.89107
Why we like it:
There is a pullback resistance that aligns close to the 61.8%...
