D-AUD
AUD NZD FALSE CONSOLIDATION BREAKOUTThis trade setup is taking advantage of the Bearish Trend on the Daily and 4 Hour Charts, the Tweezer Tops of the Daily Chart and the False Consolidation Breakout on the 4 hour. These are supporting a bearish move in favour of the NZD that is expected to provide gains towards the major support of 1.0418.
GBP/AUD - Short Hey Guys,
GA is looking great from the higher timeframes for a longer-term move lower. I have just been tagged into my position for the short, the at least complete to the lows of the larger flag. I took this based on the lower time frame price action of having the first push and flag from the third touch of the larger structured flag.
In this breakdown I explain:
Full top-down analysis
Why I have been away for a while
My gameplan if I was to be tagged out for a loss
my profit levels and management plan
Hope you had a great week all!
As always, if you want me to break down a pair then send me a message.
AUDNZD facing bullish pressure | 11 May 2021Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
AUDUSD facing bearish pressure | 5 May 2021Prices are facing bearish pressure from 61.8% Fibonacci retracement level. Prices might push down towards horizontal swing low support in line with 61.8% Fibonacci extension as well as 127.2% Fibonacci retracement. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
AUDUSD facing bullish pressure| 29 Apr 2021Prices are facing bullish pressure from horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension. If prices push down further, prices might take support on horizontal swing low support in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
AUDCHF facing bullish pressure| 28 Apr 2021Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement. If prices push lower, prices might take support from horizontal swing low support which coincides with 78.6% Fibonacci extension and 50% Fibonacci extension. Stochastics is also taking support from 9.79 level, potential for bounce.
AUDUSD is facing bullish pressure | 26th Apr 2021Prices are facing bullish pressure from horizontal pullback support in line with 50% Fibonacci retracement and 127.2% Fibonacci extension. Prices can push up further towards resistance which coincides with horizontal swing high resistance in line with 161.8% Fibonacci retracement and 127.2% Fibonacci extension. If prices fall through a pivot, prices might continue to push down and take support from horizontal swing low support in line with 61.8 Fibonacci extensions and 50% Fibonacci retracement. EMA is also above prices, showing a bullish pressure for prices.
GBPAUD facing bearish pressure | 23rd Apr 2021Prices are facing bearish pressure from horizontal swing high resistance in line with 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support in line with horizontal swing low support, 127.2% Fibonacci extension, and 161.8% Fibonacci retracement. If prices push higher, prices might face resistance from 1st resistance in line with horizontal swing high resistance, 100% Fibonacci extension, and 127.2% Fibonacci retracement. EMA is also above prices, showing a bearish pressure for prices.
GBPAUD facing bearish pressure | 22th Apr 2021Prices are facing bearihs pressure from pullback resistance, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards 1st support which is in line with 78.6% Fibonacci retracement and horizontal swing low support. If prices push up further, prices might face resistance from 78.6% Fibonacci retracement and 78.6% Fibonacci extension, in line with horizontal swing high resistance. EMA is also above prices, showing a bearish pressure for prices.
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
GBPAUD facing bullish pressure | 13th Apr 2021GBPAUD is facing bullish pressure from ascending trendline support which is in line with horizontal pullback support, 50% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which is in line with 78.6% Fibonacci retracement. If prices fall through 1st support, prices might take support from horizontal swing low support, in line with 161.8% Fibonacci extension and 50% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
AUDCHF facing bearish pressure | 12th Apr 2021Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement. If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
AUDCAD facing bearish pressure | 7th Apr 2021Prices are facing bearish pressure from pivot which is in line with 100% Fibonacci extension and horizontal swing high resistance. Prices might push down to 1st support, which is our horizontal swing low support, in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. If prices push up, it might take resistance from 1st resistance which is in line with 127.2% Fibonacci extension and 127.2% Fibonacci retracement. Stochastics is also facing bearish pressure from 95.6 level.