Price is reaching our sell entry in line with our 127.2% fibonacci extension and 76.4% fibonacci retracement where we could be seeing a reversal below this level. Hope you guys find this useful and please leave a comment on what currency pair you'd like me to analyze next too!
Price is reaching our sell entry in line with our 127.2% fibonacci extension and 76.4% fibonacci retracement where we could be seeing a reversal below this level. Hope you guys find this useful and please leave a comment on what currency pair you'd like me to analyze next too. I will be publishing the written version as well, so do keep a lookout for that!
We are approaching a significant trend line once again on GBPAUD running back almost 9 months. One of two scenarios are likely here: either we test the trend line and move higher again or break to the downside. Both plays are worth acknowledging as long positions that get stopped can be reversed with a break (closed candle) to go short.
Open market order with daily chart view. Potential risk could be that it is too early to call breakout, but there was a clean breakout pullback on H4 so it is worth a shot. Could see another retest of 0.63000 level before drop
- Updated previous AUDUSD H4 chart with another potential limit order - First trade opened market order
EURAUD buy stop 1.78569 SL 1.76156 TP 1.83395 R= 241.3 pips Si el precio llega a 1.80973 , mover SL a 1.79054
it is a range bound move , wait for breakout ...... after breakout grab it ...hope for best
Although not really on my bias to sell, so this is a conservative entry. - Falling wedge - Flag on breakout Support - @ 0.6206 - 06200 - @ 0.5987 RR=3:1
Price could drop lower to weekly level, breakout pullback on H4, price could drop lower. Took a short on H4 time frame with this view Potential long at weekly support or short on breakout pullback of level
Hello, here is my analysis for GBPAUD. Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
Pattern: Bullish Megaphone. Signal: Bullish as the price hit the Higher Low trend line with the MACD near the Support attempting to make a bullish cross. Target: 2.0500 and 2.1000 in extension.
Just wanted to provide my analysis and thoughts of AUD/USD as it currently stands. Price has been making a move to the upside in a bullish channel, since around mid to late March. Over the last two days, it appears to have found some resistance around the 0.64400 mark and looks now to be moving downwards to retest the upwards channel support. From my standpoint,...
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Resistance Zone. . 🔸 It has broken the Short Term Ascending Channel. . 🔸 We consider it has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Hello traders AUDCHF is going back to retest the daily lows and i am looking at a possibility for the daily lows to be broken also due to the unemployment rate data and the covid-19.
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. The pair is in Ascending Channel. But it is falling down after hitting its resistance line. one should wait for it to breakout Let us know your views on this in the comment section. Thank you...