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GBPAUD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPAUD
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EURJPY potential shorts a three touch continuation formation has been printed by price on EURJPY, i will be looking forward to seeing a smaller degree continuation flag to take this to the downside, alternatively price may still go higher for another third touch at the outer structure upon which i will be looking forward to seeing price impulse back into he pattern and create a tighter flag for a push downwards.
CADCHF possible long for 0.7710#cadchf, 24th june key reversal bar formed made a new low closed on the high. 19th July again key reversal bar formed. Need to break 0.7580 for long target as 0.7710. split risk into two trades, one from cmp while use remaining half if price dip down. stop loss 0.7450.
GBPJPY Bullish but Beware!On the weekly chart GBPJPY is showing long term bearish pressure, however on the daily chart it is showing a very short term bullish move. We could see this pair retest the resistance level marked on the chart. If the price reached the upper trend line (and resistance line) and head lower, we could see a retest of the lower trend line. If that lower trend line is breached, price will fall very hard. The long term moves will take a few weeks to setup and by that time we will have more data to decide which way the market will go. For now, It think it is safe to say this is a bullish trade and we can look for this to break the upper resistance and trend line and head much higher. I don't think the bears want any of this action, so this should be clear for take off.