I believe if breaks through the 13 ema on the hourly tf, it will be a sell. We are above the 200ema, we can see that the price has been rejected 2 times so far, but I've got a feeling that tomorrow and Friday we are going short.
What do you guys think?
We are at level 1 in the market cycle so I'm expecting a drop to level 2 at some point this week.
Look out for GBP news this Wednesday!
NOTE: This is just what I see, it doesn't mean it will happen! Please DO YOUR OWN ANALYSIS before entering any trade.
All the best
I can clearly see the market cycle forming the most common pattern.
We are at the peak of level 3, end of 2 weeks bullish cycle so I'm expecting consolidation in the Asian session, rise in London session, and the drop in New York session.
NOTE: That's only what I see, doesn't mean it will happen! Please DO YOUR OWN ANALYSIS before enter any trade!
Clues: Trendline breakthrough, 50 ema crosses the 200, tweezer bottoms on weekly TF, W formation.
We are at level 1 expecting level 2 to form this week. Look out the news for GBP this week!
Note: Please do YOUR OWN analysis before you enter any trade!
Good luck fellow traders ...!!
According to the market cycle, we should get W or M formation follow by 3 levels of rising/drop before the price change.
It's forming on the 15min chart. I reckon we are at level 1 and will rise to level 2 once the Asian market opens.
I'll keep an eye on it. What do you guys think?
Hi guys, my first post here!
What I see is a W formation on the daily chart and morning star formation candle on the weekly.
GBP is getting stronger (I am in the UK) and AUD is losing its power as parts of Australia going back into COVID lockdown.
Please let me know what you think as I'm about to get into a swing long position tomorrow.
All the best,