Anaylysis
GBPAUD Long IdeaDo your own analysis ...
Dont Forget Moving Stop-loss At Break-even
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
GBP/USD falling inside minor c -WaveGBP/USD falling inside minor
Next sell target – 1.2350
GBP/USD continues to fall inside the minor c-wave which started earlier from the resistance zone lying between the pivotal resistance level 1.2720 (which also stopped the previous impulse wave 3), upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward impulse from September. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star.
GBP/USD is expected to fall further to the next sell target at the support level 1.2350 (which stopped the B-wave of the active primary ABC correction 4 from October).
USDCAD Short over 4hr periodFibonacci Retracement:
- Reversal began at 50%
Candle Stick patterns:
- Evening Star on 15M
- Railroad tracks on 1H
Moving Averages Cross over
Stop Loss/Take Profit: Take profit 2 times more than Stop loss. Came right to my area then retraced.
- will watch to see if it will come back down to the clone leg area