TradewithDann

TradewithDann

you can see price pulled perfectly back to 0.618 fib on daily before dropping right back down again then pulled back then dropped again. we have a falling flag/wedge on 3H timeframe meaning a bullish contination, i expect it to test that major support level before pulling back up to the 0.5 fib which is also the top of the falling daily channel IF IT BREAKS...

TradewithDann

3H time frame - you can see a falling wedge which is a bullish continuation pattern, Daily timeframe = uptrend + on the daily we have also pulled back nicely to the 0.618 fib area, i expect a break out of the wedge, re test then a possible long

TradewithDann

as you can see gbpaud is currently in an uptrend however i expect price to break the current uptrend then retest the trendline which will create a head and shoulder formation which is a reversal pattern. if this happens, i then expect price to fall to the next support area which also is the 0.618 fib region.

TradewithDann

I expect gbpnzd to pull back to the 0.236 fib area which will also be testing the daily uptrend, the 100D EMA and key support area. You can also see a double top highlighted on the chart Then ill wait to see if it respects the uptrend for 4th time or look for short positions if trend is broken, retested and bearish engulfing candle

TradewithDann

price has pulled back nicely to the 618 fib area which is also a key resistance area. It is also below the 50D EMA & the 100D EMA as added confluences We also have a bearish continuation flag forming on the 1H TF as additional confluence I expect a little bulllish movement (30-50 pips) before a rejection of resistance and a bearish movement to the downside to...

TradewithDann

id like to see price retest the Weekly uptrend around 1.95. if respected with bullish rejection, followed by engulfing candle, i expect this pair to continue to the upside to create a higher high. 100D EMA asking as support on weekly trend line too if pair breaks trend line, retests and rejects - Trade invalid.

TradewithDann Updated 

Pulled back to the .078 region on the fib after the last bull run, i expect a bearish pullback to the 0.5 or 0.618; possibly continuing down to test the 4H uptrend (and/or) weekly uptrend before then going long

TradewithDann

gbpaud