In the screencast, I explore the main timeframes and show my reasoning for shorting. (Not a recommendation or advice for anyone else to short).
In the screncast I start off with GBPAUD on a weekly time frame and move on into much lower time frames across other pound-pairs. The geopolical/macroeconomic picture for the UK with Brexit, creates uncertainty. There are reliable reports of preparations for pharmaceutical stock piling, big push in logistics sector for storage of tinned food and firelighters...
I left out something in the commentary! On the H4 charts, you will see the prices have tested the Trendline Resistance which is the upper line of the Downward Channel and it coincides with the 0.618 fibo retracement level. More substantiation to a SELL TRADE! If you like what you see, please like and follow me BELOW! www.tradingview.com Feel free to leave...
If you like what you see, please like and follow me BELOW! www.tradingview.com Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives! Trading is the hardest way to make easy money. You can track the progress of the trade by clicking the chart below!
If you like what you see, please like and follow me BELOW! www.tradingview.com Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives! Trading is the hardest way to make easy money. You can track the progress of the trade by clicking the Play button below!
See the video for a more detailed description: 50% Pullback LH DT bear flag A big wedge and a smaller one within it. I have a short opened at 1.6230, Stop: 1.6286 TP: 1.61830
This market is beginning to feel directional.
Some of what I was expecting is playing out which is great. The Euro is stronger than other currencies and the DXY is on its next move higher.
Long video, potential ides for this move in the dollar and yen pairs
If you like what you see, please like and follow me BELOW! www.tradingview.com Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives! Trading is the hardest way to make easy money. ***Sorry if I sounded choppy as this is my first time doing a video analysis! Hope to receive more feedbacks...
If you like what you see, please like and follow me BELOW! www.tradingview.com Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives! Trading is the hardest way to make easy money. ***Sorry if I sounded choppy as this is my first time doing a video analysis! Hope to receive more feedbacks...
AUDNZD and EURNZD charts are both looking great for some downside movement. Watch this video cause these charts are looking very interesting.
AUDJPY is still consolidating , I did get into a countertrend trade for some short term bounce.
Euro Forex Thoughts Going Into Next Week
AUDNZD still in bigger correction pattern but looking to play upside to test longer term resistance.
Market Makers Drive for Liquidity from and off of Fridays High of Day Close. We have seen a clear spike through the region and now a perfect time to get short down to the next demand level. GBP/AUD
This video breaks down AUDCAD from the monthly timeframe to the 15 minute. Market structure, fibonacci, trendlines, reversal candlestick patterns etc utilized. Waiting for a 15 minute TF break of structure, a pullback, and candlestick confirmations before selling. :D