AUDUSD has been moving inside an uptrending channel. On the 4h chart price hit the lower trendline and got rejected. The market after retracing tried to break the minor 4h structure and go for a new test of the channel for a possible break. IF the market will break below the lower structure and consequently break the channel, we can set a nice short order...
Bears may active below 0.72500 for the Target of 0.72200/0.72
AUDNZD after hitting the weekly resistance retraced back till the 0.618 fib level inside a discending channel. Market is now consolidating below a minor resistance. IF the market will break and close above the resistance area and consequently break the channel, we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the...
AUDJPY after hitting a weekly support (red) got sharply rejected. Price currently hit a minor resistance and retrace. IF the price will break and close above the structure and consequently break the discending trendline we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please...
Hello traders, GBPAUD continued lower from latest 1.84 high, and is now trading close to potential support at 1.806 level, provided form a former swing high. Also fib. ratios of 50.0 and 61.8 (1.806/1.80 level) can react as support, and push price into a higher degree wave c. That said, once sub-wave c) or y) of b fully develop, and we see a rally in impulsive...
GBPAUD is in a firm decline, a five-wave impulse down from March high. At the moment we see price resuming the downtrend, after recent minor corrective rally in wave 4, which ended at the 1.841 level. That said, wave 5 of an impulse can be underway, so be aware of new lows, as final leg lower can be targeting 1.73/1.72 area. If wave 4 correction is still not...
I expect the price will reach resistance line, it is time to buy EURAUD
Price is facing bearish pressure from the first resistance level, in line with 61.8% fib retracement and horizontal swing high where we could see a drop to our support level where the 38.2% fib retracement is. Ichimoku is also showing that limited pushup is possible before any reversal.
This pair looks like it's setting up for a bull rally further up this week. We were in a lengthy consolidation period. This may be the week after seeing this juke move that we do the climb up. Gonna play this out and see how it want to make the most of this false breakout. BULL TPS: • 1.82712 • 1.83971 • 1.85170 BEAR TPS: • 1.81321 • 1.80812 •...
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** The price is now at the strength of supply and demand on the volume profile indicator, but it will rise to the mentioned resistance in the coming days *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the...
AUDNZD is stuck on a strong 4H resistance cluster. on 1H the price is trading within a narrow horizontal trading range, and it is currently in an attempt to break that. in case of 1H candle close below 1.089 support I will short the pair. targets: 1.087 10.0856
🔸4 H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸We consider that this pair has bearish potential towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Watch for the breakout to the downside and sell
Yesterday we made a post about AUDNZD on the weekly chart showing the major structures we can see now on the 4hs chart Main items we can see here: a) The price is above a previous resistance zone now working as a support b) We can see a clear corrective structure after the breakout of the resistance zone c) The corrective structure is also supported on...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!