I will be looking for a short on this pair for the coming week. Last weekly candle is a very bearish pin bar and the week before there is a bearish engulfing candle. Bearish momentum is strong now. Once 0.755 is broken, more bear shall follow.
Structure is still pretty bullish but price is at a nice area to look for a LRE short. I am definitely not going to short just yet and will see how price reacts. If price were to break 0.96, my view will change and will look for a long instead.
From the candles, it can be seen that bear is losing steam. I believe price can still make some way down to test 1.833 where I will be likely to take a long trade.
Similarly with GBPAUD, I am looking for a long only if there is a bullish candle shows up at around 1.63 or even 1.622. Structure is still very bearish, so I will not long just yet.
Structure is still very bearish, therefore I will not long yet. I would like to wait for price to fall further to 1.674 or even 1.668 and look for a long on a nice bullish signal (pin bar/bullish engulfing bar, preferably with a nice volume).
Price have broken off the support-turned-resistance at 0.717 level strongly. It is now at a no man land ending with a pin bar. Should price return to near to 0.717, I will look to take a short trade there.
The up move is strong, with a lot of volumes justifying the move. There was a slight correction past 2 weeks, and price has reached a supportive level. I will look to long if price can reach 1.1665 or even better, 1.16.
Price has reached an area of support and formed a pin bar. However, I am still bias with AUD weakness. This may not be very likely, but I would like to wait for price to reach 0.79 before taking another short. Otherwise, i will look for better opportunities with other pairs.
I am seeing a pullback can be possible. As price is rising, there were volumes supporting the up move but when price is coming down, there wasn't much volume to support. Price is now at a very supportive level and I will be looking for a long when candle closes with a Pin bar. Need to watch out swing level at 0.7133 where price can possibly swing there to take out...
I'm seeing some form of rejection at 1.21 level. Also with the bearish candle having larger spread, I will be looking for a low risk counter trend short if price can reach there.
GBPAUD have finally broken the 1.64~ congested zone. I will be interested to long in these 2 level: 1.67 and 1.687. 1.712 is the first resistance level to watch out for, the next level to look out for will be 1.74
I am seeing a possible retest of 1.24 where it can provide some resistance where the Clusters of Controls are and also where I may look for a short. Price is now at a nice low risk entry for a possible 200+ pips long.
Price is rejected off 39.27 level, forming a double top and this up move has little volume supporting it. On the 4-hr TF, a nice pin is spotted with further down move. Therefore I will only be looking to short this pair. 87-87.2 will be a tough support, as well as 86.24.
