A downward rally begins in the monthly time frame.....
breakout done another 400 pips bearish wave is coming wait for retest to enter
Welcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
Welcome back! Let me know your thoughts in the comments! **GBPAUD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
The EURAUD pair had a very strong August 26 - October 14 rally and since then it has been on a short-term Channel Down (Lower Highs/ Lower Lows). This volatility/ consolidation has been a distinct characteristic of both previous tops (Lower Highs) within the long-term Bearish Megaphone pattern that in June 2020. A break below the 4H MA50 (blue trend-line) would...
I think the Kiwi offers a tremendous reward to risk ratio on the short side here. The situation with persistent inflation and rising energy prices is certainly a headwind for the economy, combined with Powell's increased determination as per his last speech at Jackson Hole, has helped bears gain ground here, triggering both a daily and a weekly down trend...
Some rebalancing of sell orders must take place to allow GBP to continue higher towards 1.82000. As usual, look for lower timeframe reversal confirmations. Good luck!
Hello,Friends! Indecision in the market is changing Towards a well defined bearish sentiment And the price action on the lower timeframes Is clearly supporting this narratve Therefore, I think it is a goodidea to go short! Like and subscribe and comment my ideas if you enjoy them!
The GBPAUD pair has been trading within a long-term Channel Down pattern since the start of 2022 and most recently (October 17 and 28) it hit its top (Lower Highs trend-line). This has turned the short-term price action into a smaller Channel Down (red), which is loosely supported by the 1D MA200 (orange trend-line) and resembles the pattern of January 28 to...
Hello, Friends! I was watching GBP/AUD for a while Waiting for this moment And now the price action On the lower timeframes Has given me what I was expecting to see Making me bearish on GBP/AUD mid-term! SELL! ✅LIKE AND COMMENT MY IDEAS✅
Hey traders, Based on the recent CPI data we can understand that the market is calling for a pivot, soft CPI data tend to give us a bullish stock market and the AUDCAD pair along with NZDCAD is extremely correlated with indices, which means when we have bullish bias on indices we can consider AUD and NZD pairs longs, especially against USD and CAD and you can...
Winter is coming and we will see the weakening of the euro . The price has changed from an upward phase to a downward phase, and this downward trend can also be a correction for a major upward trend. Therefore, it is better to exit the trade at the first profit tick and pay attention to the range of the specified areas. Do not forget about risk management and...
The trade has a risk-to-reward ratio of 1 to 6. A profit limit of 2 is a good point to exit. 3 and 4 are good points after breaking the profit limit floor. Profit limits 5 and 6 are very risky and have high risk. When the price reaches profit limit 2, empty half of the volume and when the next targets are reached, empty the remaining volume , 0.25 per target....
Hey traders, Here is our forecast on GBPAUD. The level where the price is trading right now is peculiar and the price will most likely bounce from that. ❤️ Please, support our work with like & comment! ❤️
#GBPAUD ( British Pound / Australian Dollar ) - In Long Time Frame #LTF it is Following Correction as a BEARISH CHANNEL Pattern and Rejecting from the Upper Trend Line #UTL - In Short Time Frame #STF we have RISING WEDGE and Breakout of the Lower Trend Line #LTL - According to ELLIOT WAVES it has completed the " 1234 " Impulse Waves and will make " 5th " Wave -...
Here is my view for AUDCAD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
At this time, the price is below the point where several static and dynamic resistances have met, and this issue reinforces the possibility of a return and price decline. In this case, equal to the valid Fibonacci correction percentage compared to the previous upward wave, the price is placed in the range of 161.8%, which coincidentally is equal to the 61.8% valid...
M15, M30, H1 and H4 are overbought Waiting for a double top on M15 with divergence There are multiple patterns on H1 and H4 This is against the trend