This short sell limit has been triggered and now i expect further momentum to the downside region 1.7250.
price should consolidate around this price action. will be watching closely for the pullback.
rejection of 4hr 200 ema. evening star formation reason for entry. many more confluences, im only giving a few though.
here is my anylasis on GBP/AUD- now on the 5 th wave of the trend continuation. resistance held out and pullback to the 1.73556 level where remains at present. data tomorrow could have an affect on sterling also the RBA Minuetes meeting very soon. i would like to see 1.7750 get broken and the weekly bearish T/L get re-tested so we may see the sharp sell off needed ...
GBP/USD- rejection at the 1.2500 level
-then retest three times
-each time creating new lower lows on certain time frames
- EMA cross , bearish engulfing candle
GOLD - doji on 2 hr TF counter trendline broken waiting for close alllready taken this short, after conformation on ema cross .
38,20 daily fib holding nice also weekly resistance of 1250.00 level ...
Here is a possible on entry. as you can see a inverse head and shoulders pattern is yet to be confirmed, then we can start looking towards a potential target of 0.7760 maybe 0.7800
Fib holding nicely at the 61.8% after nice pullback.
HERE WE SEE A POTENTIAL SHORT ENTRY AFTER THE DAILY CLOSE SHOWING A POTENTIAL SHOOTING STAR AND THE MONTHLY SUPPORT HOLDING OUT WE SEE A LIKLY MOVE TOWARDS THE DOWNSIDE. PAYING CLOSE ATTENTION TO THIS TRADE, WILL BE STALKING IT OVER THE NEXT FEW DAYS.
LONG ENTRY HERE ON EUR/USD LOOKING TOWARDS THE UPSIDE OF 1.0800 FOR 1ST TARGET.
61 FIB LEVEL TESTED AND BULLISH ENGULFING CANDLE.
EMA AND MA ABOUT TO CROSS.
LOOKING FOR RE-TEST AT 5O FIB LEVEL THEN SEE A PULLBACK TOWARDS THE UPSIDE.