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GBPAUD Analysis + Projection - 31/08/19OANDA:GBPAUD GBPAUD 31/08/19 Price is at a critical bounce level, proven multiple times in the past. Weekly Heikin Ashi: two strong bullish candles after a range of indescision Monthly Heikin Ashi: Weak bearish candle slowing down previous bearish momentum This means that overall averaged price action (heikin ashi) is bullish. 4H Candle: Signs of a correction, (descending triangle on support) - now to wait for a continuation when the bulls come back in. Daily candle: Super clean ‘3 bar play’ bullish pattern forming Weekly candle: bearish candle 50% of previous green candle Monthly candle: Bullish candle 80% of previous red candle with very large wick OVERALL: Monthly structure looks somewhat like an ascending wedge in a bearish bias. This could mean in the long term price will most likely resume to the downside. Of course though, we are in an ‘ascending’ wedge formation, which has a bullish bias in the medium term. On the short term, we have price action showing very nice signs that we are currently in a correction phase, and a continuation phase will most likely follow. I am BULLISH on GBPAUD this week. Lets see how this one goes. :)
Long
by TheFXAngel
3
USDCAD Channel Breakout USD/CAD Weekly and Daily time frame broke out from its long term channel and making lower lows and lower highs, we already have a pull back after the breakout, you can spread your down fibonacci to get a clearer picture of the lower lows and lower highs, if you spread your fibs on the Daily you will notice that we have a 0.618 pull back with a counter trend line break, having all this facts makes it enough big of a case to consider looking for short trades. now if you go down even further to the 4 hour chart, you will notice a volume spike with a small body candle and a long wick, which that indicates that a bog fight was happening at that level which adds more confirmation for a short trade. In conclusion: We Have 1)Weekly/Daily Channel Break 2)Lower Lows & Lower Highs 3)Daily 0.618 Pullback 4)Counter Trend Line Break 5)Volume Spike On The 4 Hr P.s if you look at the monthly you will also notice that we have there a bearish candlestick formation and this was the test of the candle. if you see anything different then what I saw please comment and let me know what is it that you see that I missed... Thank You Easy Trading To You All!!!
Short
by ElyaStein
AUD/NZD AnalyticsHello Traders! AUD/NZD has reached a strong resistance level on 1.06200. As you can see in the past the price was strong rejected on this level this year on: 08.01.2019, 22.01.2019, 25.04.2019, 08.05.2019, 31.05.2019, 21.08.2019. We set up a possible sell zone around 1.06150. If the price will break this resistance zone we will update our analytics and let you know with all the new possible sell or buy zones! Stay tuned for more! Regards RoTradeAlerts!
Long
by UnknownUnicorn5293721
1
EUR/JPY AnalyticsHello Traders! As you can see on the EUR/JPY chart, the price tried to make a bearish break at the 117.550 support zone. After a 90 pip fall the price went up over 117.550, which shows us that the sell power is decreasing. We are looking for a possible bullish breakout, after this breakout we will wait the price correction, and the new support zone retest. We set up a possible buy zone above the triangle line. Stay tuned for more! Regards RoTradeAlerts!
Long
by UnknownUnicorn5293721
USD/CAD AnalyticsHello Traders! As you can see on USD/CAD chart is a possible uptrend. The triangle pattern formation is a sign of the price consolidation, now we wait for a breakout on this triangle. there are 2 possibilities: - an uptrend breakout, on this breakout we will look for a buy after the breakout it's done and we have the retest and confirmation of the new support zone - an downtrend breakout, on this breakout we will look for a sell after the breakout it's done and we have the retest and confirmation done on the new resistance zone. Stay tuned for more! Regards RoTradeAlerts!
by UnknownUnicorn5293721
GBP/USD AnalyticsHello Traders! On GBP/USD chart we can see in the past days an 80 pips downtrend oscilation, but not enough strong. As you know from our past analytics GBP/USD has reached on the daily chart the 1.20900 resistance level .We can see a strong buy zone at this level in the past on: 2016.10.06, 2017.01.17, 2017.01.09. We can see on H1 chat a good confimation on 1.21100 level with a possible uptrend arround 350 pips. Our first target in the upcoming days is 1.24680 resistence level. Stay tunned for more! Regards RoTradeAlerts!
Long
by UnknownUnicorn5293721
1
GBPAUD POTENTIAL SHORTGAUD could provide a nice short setup this week, I do expect GA to rise this week with the first test being the 1.81 psych level which confluences nicely with the 78.6 fib level, I will look for price action confirmation at this region to short but with a lot of caution as the volatility of this pair can easily drive price up to 1.82 for a final test, of 1.82 is broken, I will look for pullbacks for potential longs potentially at the psych level of 1.8. but a pair to focus on during the week.
by LV_7