Hello,here we have GBPAUD on m15 timeframe and this consolidation is look like a wickoff accumulacion,because as you can see for now everytime when the price break the previous low is reversing,so when forms a thing like this, it means that the banks are trying to take as much liquidity as possible (Stop Loss of the people) and then send the price strongly in the...
Hello guys,here we have GBPUSD on the daily timeframe that broke the resistance/supply zone, but this break doesn’t convince me because can be a fake out and I also tell you why, the first yellow line on the chart is the newly created high in these days which corresponds with another supply zone at 1.36250 and as we can see it had a reaction and went down but...
Do you remember what I told you about EURJPY last week? On h1 it seems to be forming a downward continuation pattern and as a target I see the demand zone, what will this make all retail traders who trade with supports and resistances believe? That it will have broken the support and the rise it will make from the demand zone will be for the 'retest' at this...
EURUSD is a pair that i never liked,if you go to see the candles on the weekly timeframe there is nothing clear about what the price will do,so looking at it on H4 and D1 timeframe,there is a high probability of the drop to 1.16200. I'm not saying it could go down more because it has been stuck in this zone since July 30th,so for me EURUSD will do one of these 2...
1)The first is that the price has broken the resistance and now is retesting the previous broken resistance that has become support and will continue upwards,so a simple break and retest 2)The price is manipulated and continues towards the demand zone making all retail traders believe that since it has broken the support and the falling wedge to the downside it...